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The concept of wages does not include which of the following items? 19 Mutiple Choice direct money payments, like salaries and commissions bonuses and royaties earned money spent by workers ringe benefits, lke health insurance and paid leawe
The real wage will rise if the nominal wage 20 Multiple Choice 011448 fals more rapidly than the prices of the goods and services buys ncreases at the same rate as labor productivity increases more rapidly than the prices of the goods and services it buys tolls ot the seme rate as the general price leve
Real wages would rise if the prices of goods and services Multiple Choice rose more rapidly than nominel wage rates rose less rapidly than nominal wage rates and wage rates both rose and wage rates both fe
Holding other factors constant, if food prices decline relative to the prices of other products, then the real wages of agricultural workers will_ and employment of agricultural workers wil- 23 Multiple Choice increase, increase decrease, decrease decrease, not change increase. decrease
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