The consensus among researchers is that union workers earn 15 percent more than otherwise identical nonunion workers. This means unions have probably raised wages
A. exactly 15 percent.
B. less than 15 percent.
C. at least 15 percent.
D. more or less than 15 percent, but one cannot tell exactly.
Answer: C
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Use the table below to answer the next question.YearEmployedStructuralFrictionalCyclicalUnemployed20031,800501005020020042,400100100 30020052,000 15018050020062,66040 0140Determine the number of people cyclically unemployed for the year 2004.
A. 200 B. 100 C. -100 D. 0
When it is assumed that people desire a smooth pattern of consumption enjoyment, if not consumption expenditure, this limits the permanent-income and life-cycle hypotheses to predicting the demand for consumer
A) durables. B) durables and services. C) services and nondurables. D) nondurables and durables. E) nondurables.
With full information any contract will lead to production efficiency
Indicate whether the statement is true or false
Price for a 27 TV = $450. Consumers buy 1000 of them, prices rises to $550 by 600 of them. What is the price elasticity of demand in this range?
What will be an ideal response?