According to Kathryn Edin and Laura Lein, virtually all poor single mothers supplemented their income with money from _______________________.
Fill in the blank(s) with the appropriate word(s).
relatives, boyfriends, or the absent father of their children
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Which type of unemployment is the most difficult to cure?
a. functional b. seasonal c. cyclical d. structural
A survey made by Starc Motors reveals that the attrition rate for specialized workers is very high. In order to reduce attrition and increase productivity, the CEO of Starc Motors decides to pay the workers more than what market conditions dictate. The policy adopted by this company is based on the _____
a. efficiency wage theory b. model of option pricing c. insider-outsider model d. relative wage coordination argument
An example of a price floor is
a. the regulation of gasoline prices in the U.S. in the 1970s. b. rent control. c. the minimum wage. d. any restriction on price that leads to a shortage.
Which of the following is considered to be an economic resource?
A. Rent B. Money C. Interest D. Capital