This topic contains a solution. Click here to go to the answer

Author Question: With respect to an auction market, a. labor and output are assumed to be traded in markets that ... (Read 44 times)

yoroshambo

  • Hero Member
  • *****
  • Posts: 566
With respect to an auction market,
 
  a. labor and output are assumed to be traded in markets that are not always in equilibrium.
  b. all participants make decisions based on announced nominal wage rates.
  c. all participants make decisions based on announced product prices.
  d. All of the above
  e. None of the above

Question 2

Within rich economies, there is strong evidence of convergence ________.
 
  A) for regions within a country
  B) with developing economies
  C) leading to military conflict
  D) of capital stocks, rather than output



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

todom5090

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

C

Answer to Question 2

A





 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

For a complete list of videos, visit our video library