If Sanjaya can shuck more oysters in one hour than Tatiana, then Sanjaya has a comparative advantage in shucking oysters
Indicate whether the statement is true or false
FALSE
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Total deadweight loss in society is reduced through rent seeking by monopolists
a. True b. False
The biggest benefit to members of a union is:
A. being able to bargain as a group. B. keeping non-union workers out of their industry. C. negotiating minimum wage legislation. D. getting raises without having to do any work.
Which of the following is an example of a time-series data set?
A. average amount of labor employed at specific times of the day at a specific factory in 2010. B. amount of labor employed yearly in a specific factory from 1990 through 2010. C. amount of labor employed in each factory in the U.S. in 2010. D. All of the above are time-series data sets.
A government subsidy to the producers of a product:
A. reduces product supply. B. increases product supply. C. reduces product demand. D. increases product demand.