Which of the following activities exposes others to risk?
A) driving
B) smoking
C) playing golf
D) all of the above
D
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The statement that "coal miners are paid more than workers with similar levels of education" is likely to reflect the fact that
a. coal mining is a declining industry. b. coal mining jobs are potentially more dangerous than jobs with comparable education requirements. c. all coal mines use nonunion labor. d. coal imports are rising.
If a particular labor market were to convert from a competitive market to a monopsony, what effect would we expect on the number of workers hired? What effect would we expect on the wage paid to workers?
The natural rate of unemployment
a. is constant over time. b. varies over time, but can't be changed by the government. c. is the socially desirable rate of unemployment. d. does not depend on the rate at which the Fed increases the money supply.
A chart that lists how much of a good a supplier will offer at various prices:
a. subsidy b. supply schedule c. law of supply d. elasticity of supply e. excise tax