The unemployment rate in the United States typically has been lower than the unemployment rates in Canada and countries in Western Europe because
What will be an ideal response?
the opportunity cost of job search is lower in Canada and countries of Western Europe and unemployed workers in those countries search longer for jobs.
You might also like to view...
What happens in a duopoly if both firms try to act as the Stackelberg leader?
What will be an ideal response?
See Scenario 4.1. Holding Daniel's income and Pd constant at $240 and $3 respectively, what is Daniel's demand curve for cake?
A) Qc = 240 - Pc B) Qc = 240/Pc C) Qc = 120/Pc D) Qc = 240/(3 + Pc) E) none of the above
The Heckscher-Olin model uses differences in factor abundance to determine whether any nation has a comparative advantage in any good
a. True b. False Indicate whether the statement is true or false
At the federal level, the single most important tax, accounting for slightly less than half of revenue, is the
a. corporate income tax b. personal income tax c. estate tax d. property tax e. sales tax