Major league baseball players get paid more than minor league baseball players because of
a. compensating differentials.
b. higher levels of educational attainment.
c. greater abilities.
d. All of the above are correct.
c
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During the recessions of 2001 and 2008-09,
A) all measures of the unemployment rate (U-1 through U-6 ) increased. B) only the broader measures of the unemployment rate increased. C) only the narrower measures of the unemployment rate increased. D) the labor force participation rate for women increased. E) the labor force participation rate for men increased.
Exhibit 30-3 Costs of Eliminating:Firm A Firm B Firm C 1st ton of pollution$ 30 $ 50 $ 600 2nd ton of pollution$ 70 $ 90 $ 700 3rd ton of pollution$125 $150 $ 900 4th ton of pollution$200 $250 $1,300 Refer to Exhibit 30-3. What is the cost to Firm C of eliminating 2 tons of pollution?
A. $1,300 B. $300 C. $1,500 D. $2,200 E. $3,500
"Unemployment increased in the last month to its highest level in the past ten years." This quote would be an example of:
a. A normative economic statement b. A positive economic statement c. The fallacy of composition d. Post hoc, ergo propter hoc fallacy
Economists usually favor a return to the gold standard
Indicate whether the statement is true or false