Comparison of the European and U.S. labor markets suggests that
A) it is relatively cheap to hire workers in the United States.
B) the U.S. labor market is more "flexible" than the European labor market.
C) job security and income equality are greater in the European labor market.
D) A and B.
E) all of the above.
E
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What will be an ideal response?
In theory, a corrective tax _____ the _____ will create the optimal result
a. equal to; externality b. above; externality c. equal to; price d. above; price
When the current price of an item is greater than the item's market clearing price
A) supply is greater than demand. B) demand is greater than supply. C) quantity supplied is greater than quantity demanded. D) quantity supplied is less than quantity demanded.
The interest-rate effect is the impact on real GDP caused by the inverse relationship between the price level and the interest rate
a. True b. False Indicate whether the statement is true or false