Daryn and Nick work for two different companies, but each performs the same job working on a loading dock. Daryn, however, earns a higher salary than his friend Nick The difference in salary could illustrate union wages if Daryn's annual salary is covered by a collective bargaining agreement and Nick's is not
a. True
b. False
Indicate whether the statement is true or false
True
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All of the following are considered among the four most important determinants in explaining exchange rate fluctuations in the long run except
A) relative rates of productivity growth across countries. B) preferences for domestic and foreign goods. C) tariffs and quotas. D) interest rates.
In games, strategies are:
A. the outcomes players want to achieve. B. the same for everyone to achieve the same goal. C. the plans of action that players follow to achieve their goals. D. All of these statements are true.
Kara is a construction worker. Because of adverse weather during the winter, she has been laid off from her job. She is available for work and has even sought work with other construction companies. Kara is
a. experiencing frictional unemployment b. experiencing seasonal unemployment c. experiencing structural unemployment d. experiencing cyclical unemployment e. not in the labor force at this time
A firm in a competitive market can change the market price by changing its own production level
a. true b. false