The income statement for the month of June, 2018 of Tamarisk Enterprises contains the following information: Revenues $6650 Expenses: Salaries and Wages Expense $2910 Rent Expense 1560 Advertising Expense 810 Supplies Expense 270 Insurance Expense 90 Total expenses 5640 Net income $1010 After the revenue and expense accounts have been closed, the balance in Income Summary will be

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u.s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.