Government corruption reduces economic growth around the globe, most commonly through widespread cash payments or gifts to receive a government service
Indicate whether the statement is true or false
TRUE
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A large increase in the legal minimum wage is most likely to benefit
A) teenagers. B) unemployed workers. C) unionized workers. D) unskilled workers. E) none of the above because price-fixing hurts everyone.
A major contribution of the Solow model is its ________
A) insight into what distinguishes rich economies from poor economies B) explanation of why productivity grows over time C) demonstration that the key to sustained growth is a high level of saving D) encouragement of policies to limit population growth
In Plessy v. Ferguson, the Supreme Court condoned separate but equal education
Indicate whether the statement is true or false
The local government is holding an auction for a contract to build a new multi-deck parking lot downtown. If the government has a policy to release its own cost estimates of the work to the auction participants, the participants will have ________ confidence in their own cost estimates and will submit ________ bids.
A) less; lower B) more; lower C) less; more D) more; higher