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.
At the maximum point of the total product curve of a firm, marginal revenue is ...
The short-run supply curve for medical doctors is more likely to be ...
To calculate the annual natural growth rate of a country's population, one has to know the count...
Public enterprises are supported on the grounds that they are undertaken for ...
The standard of living in two countries can be compared using the__________ ...
International trade is necessary because ...
Commercial banks settle their daily interbank indebtedness through the ...