Economists at which administrative department analyze data on workers and those looking for work to help formulate labor-market policies?
Department of Labor
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In a bargaining solution, a player's net surplus is
A) the amount of total surplus minus any deadweight loss. B) the difference between what the player receives in the final bargain minus what she would have gotten from the disagreement point. C) the amount of consumer surplus she receives minus any deadweight loss. D) always maximized.
The real discount rate and the nominal discount rate differ in their treatment of
A) risk. . B) market return. C) inflation. D) expected risk.
International trade policies are largely advocated, argued, and lobbied for based more on their distributional effects than on their aggregate or overall effects. What does this imply?
A) Producers will lobby for protectionism even though they may know that their gains from protectionism will be outweighed by the losses to consumers. B) Consumers care more about how policies affect them than how policies affect them and everyone else, too. C) Tariffs are more effective than quotas. D) Consumers' surplus will rise (when it rises) more than producers' surplus will fall (when it falls). E) none of the above
The real rate of return on holding cash ________ inflation is correctly anticipated.
A. is higher when B. equals the nominal interest rate when C. is lower when D. does not depend on whether