A key barrier to labor mobility within Europe is
A) the laziness of Germans.
B) full employment in most European countries.
C) differences in language and culture.
D) lack of transportation.
E) the physical barriers in the landscape.
C
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The hypothesis that people combine the effects of past policy changes on important economic variables with their own judgment about the future effects of current and future policy changes is the basis of the
A) short-run Phillips curve hypothesis. B) rational expectations hypothesis. C) demand-pull inflation hypothesis. D) adaptive hypothesis.
The corporate income tax can be understood fully without reference to other elements of the federal tax code
a. True b. False
Which of the following is the clearest evidence of employment discrimination against minority employees?
a. The mean number of years of schooling of minority workers is lower than that of whites. b. The average hours worked by minority employees exceeds the hours worked by whites. c. The average wages of minority workers are lower than the average wages of whites. d. The average wages of minority employees are lower than the average wages of whites with similar productivity characteristics.
Dent 'n' Scratch Used Cars and Trucks employs 3 salesmen. Data for their sales last month are shown in this table: Cars Sold Trucks SoldLarry105Joe99Ralph312Based on last month's data, Joe's opportunity cost of selling a car is ________ than Ralph's, and Joe's opportunity cost of selling a car is ________ than Larry's.
A. greater; greater B. less; greater C. less; less D. greater; less