In a community where poor people do not hang out with members of the opposite sex until they are 21 years old, the opportunity cost of hiring a babysitter on weekends will be
What will be an ideal response?
lower than in other communities.
Economics
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The slope of the long-run aggregate supply curve is
A) positive. B) negative. C) zero. D) undefined.
Economics
Which of the following groups is a craft union?
a. auto workers b. steel workers c. writers d. government employees e. construction workers
Economics
The natural rate of unemployment is always more than the actual rate of unemployment because it excludes frictional and seasonal unemployment rates
a. True b. False Indicate whether the statement is true or false
Economics
When a payroll tax is enacted, the wage received by workers
a. falls, and the wage paid by firms rises. b. falls, and the wage paid by firms falls. c. rises, and the wage paid by firms falls. d. rises, and the wage paid by firms rises.
Economics