The effects of unionization on wages in the sectors of the economy that are unionized causes the supply of labor in other sectors of the economy to
a. decrease, raising wages in industries that are not unionized.
b. decrease, reducing wages in industries that are not unionized.
c. increase, raising wages in industries that are not unionized.
d. increase, reducing wages in industries that are not unionized.
d
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How is the official poverty line determined in the United States? What alternative method of measuring poverty has been suggested? Explain
What will be an ideal response?
In the real intertemporal model, if future total factor productivity increases, this captures the effects of
A) intemporal substitution. B) Ricardian equivalence. C) the government expenditure multiplier. D) news shocks.
In general, a producer's marginal cost of additional units of quality ________ as more units of quality are included in the product, causing the marginal cost curve from quality improvement to be ________ sloping.
A) falls; downward B) increases; downward C) falls; upward D) increases; upward
Most government purchases are made at the federal level and not at the state level
a. True b. False Indicate whether the statement is true or false