Select the positive statement that completes the sentence: If wages rise more rapidly than productivity:
A) profits will fall.
B) workers will earn 3/4 of GDP.
C) the rate of inflation increases.
D) all of these.
Correct Answer:
Verified
Q71: "An increase in the federal minimum wage
Q78: The statement, "Violent crime has decreased in
Q114: Which of the following is a positive
Q115: Positive economics is a(n):
A) reflection of a
Q117: Ceteris paribus means:
A) an association of variables.
B)
Q118: Positive economics:
A) will usually tell us which
Q121: A positive statement is:
A) something good or
Q122: The Secretary of Labor states that wage
Q123: Which of the following is a normative
Q124: Normative economics is:
A) usually incorrect.
B) a statement
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents