A rational person can have a negatively-sloped labor supply curve
a. True
b. False
Indicate whether the statement is true or false
True
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The more restrictive the government's immigration policies are, the
a. narrower are the wage differentials between countries b. wider are the wage differentials between countries c. higher is the migration rate of workers between high-wage and low-wage countries d. lower are the opportunity costs of work in high-wage countries e. smaller is the difference between the supply curves of labor in different countries
The parity ratio:
A. compares worker productivity in the farm and nonfarm sectors. B. is the ratio of per capita farm income to per capita nonfarm income. C. is the ratio of prices received by farmers to prices paid by farmers. D. is the ratio of prices paid by farmers to prices received by farmers.
Refer to the information provided in Figure 15.5 below to answer the question(s) that follow. 
Figure 15.5 Refer to Figure 15.5. In the long run in this monopolistically competitive industry,
A. all firms will leave the industry. B. some firms will leave the industry until the remaining firms break even economically. C. product supply will increase so prices will go up. D. some firms will enter the industry and industry profits will increase.
For the Coase Theorem to work, three conditions must be satisfied: the basic rights must be clearly understood, there must be no impediments to bargaining, and only a few parties are involved.
Answer the following statement true (T) or false (F)