Economists argue that the union wage advantage

A) has been estimated to be 100% in the private sector.
B) in the private sector is a 4% increase in wages for union workers over nonunion workers.
C) reached its height in 2000 in the private sector.
D) has been close to zero since World War II in the private sector.


B

Economics

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The ADL(p,q) model is represented by the following equation

A) Yt = ?0 + ?pYt-p + ?qXt-q + ut. B) Yt = ?0 + ?1Yt-1 + ?2Yt-2 + ... + ?pYt-p + ?qut-q. C) Yt = ?0 + ?1Yt-1 + ?2Yt-2 + ... + ?pYt-p + ?0 + ?1Xt-1 + ut-q. D) Yt = ?0 + ?1Yt-1 + ?2Yt-2 + ... + ?pYt-p + ?1Xt-1 + ?2Xt-2 + ... + ?qXt-q + ut.

Economics

Specialization occurs when workers are assigned particular work based on their gender

a. True b. False Indicate whether the statement is true or false

Economics

Refer to Figure 13A.1. The stock of capital no longer increases once the economy reaches point:

A. a. B. b. C. c. D. e.

Economics

If price rises,

A. there may have been an increase in demand. B. there may have been an increase in supply. C. there may have been a decrease in demand. D. there must have been a decrease in equilibrium quantity.

Economics