In strategic trade bargaining it is sometimes reasonable to be unreasonable.
Answer the following statement true (T) or false (F)
True
The belief of the other bargainer that you will be unreasonable leads you to be able to extract larger gains from trade.
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The more restrictive affirmative action programs are,
A) the greater the likelihood of the economic pie shrinking. B) the lower the administrative costs of administering the program. C) the larger the wage gap tends to get. D) the greater the amount of labor market discrimination.
Compared to its position during the late 1970's, the Phillips curve for the U.S. economy in the 1980's appeared to
a. shift to the left. b. shift to the right. c. shift upward. d. remain unchanged.
Explain the circumstances under which some component of labor income is economic rent
The strict definition of economic growth that serves to increase living standards is
A. an increase in investment per capita. B. an increase in nominal GDP per capita. C. an increase in capital accumulation per capita. D. an increase in real GDP per capita.