The real wage denotes
A) the number of units of consumption goods that can be exchanged for one unit of labour time.
B) the number of units of labour time that can be exchanged for one unit of consumption goods.
C) the number of units of labour time that can be exchanged for one unit of leisure time.
D) the number of units of leisure time that can be exchanged for one unit of labour time.
E) the purchasing power of income earned after taxes are paid.
Correct Answer:
Verified
Q35: A barter economy
A) cannot be a market
Q36: An economy without monetary exchange is called
A)
Q37: A consumer's real disposable income equals
A) wage
Q38: A lump-sum tax is a tax that
A)
Q39: That indifference curves are downward sloping
A) is
Q41: The construct of a representative firm is
Q42: An increase in real dividend income minus
Q43: An increase in the real wage
A) unambiguously
Q44: In the goal of consumer optimization,it is
Q45: The marginal product of a factor of
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