A valid explanation for real wage growth is
...A valid explanation for real wage growth is
An increase in the rate of productivity
The rising cost of capital accumulation
A contraction of emploment in service industries
An increase in the quantity of labour
Correct answer is A
Real wage growth is largely due to increased in economic activity creating competition between businesses to attract and retain workers. The higher the rate of economic activities (production, buying and selling) in the economy, the higher the real wage growth.
Given the cost function C = 160 + 36Q, what is the average cost at 20 units of output? ...
The first petroleum exploring company to discover crude petroleum in Nigeria was? ...
One of the fundamental differences between a capitalist and a socialist economy is that while ...
A firm that charges the maximum price without attracting competition from new entrants is ...
An advantage of large-scale farming over peasant farming is in the area of ...
A contractionary monetary policy is used to control_________ ...
What is the lowest price the monopolist can charge ...
The shut-down point for a firm in the short run is the output at which ...
The most important determinant for the location of a brick industry is the availability of ...