Average Hourly Pay for Production Workers in the U

question 24

Multiple Choice

Average hourly pay for production workers in the U.S.in 2010 was:

• A)higher than in most other industrialized countries in Europe and Asia
• B)lower than in most other industrialized countries in Europe and Asia
• C)about the same as in most other industrialized countries in Europe and Asia
• D)lower than in many other industrialized countries in Europe but greater than in newly industrialized countries such as Singapore,Taiwan,and Korea

---

Definitions:

Persons

Refers to individuals or entities that are capable of possessing rights and duties.

Long-Run Equilibrium

A market condition where supply equals demand, all firms are maximizing profit, and no firm has an incentive to change its output.

Club Meeting

An organized gathering of members belonging to a particular club or group to discuss matters of common interest.

Attendance

The act of being present at a specified place, such as a meeting, class, or event.