Which of the following is most likely to increase the money wages that will be required to attract a given number of workers into a job category?
a. the employer does not discriminate.
b. the work is widely viewed as being stressful and dangerous.
c. the job is widely viewed as prestigious.
d. the employer provides child care on the premises.
b. the work is widely viewed as being stressful and dangerous.
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Current research suggests that countries that adopt a pegged exchange rate may be more vulnerable to an exchange rate crisis
Indicate whether the statement is true or false
Suppose the cost of producing two goods, x and y, can be represented as C = ax + by + cxy. If there are economies of scope, then which of the following must be TRUE?
A) c > 0 B) a + b = -c C) c = 0 D) c < 0
One key assumption lying behind the policy irrelevance proposition is that
A) wages are "sticky" downward. B) prices are "sticky" upward. C) the rational expectations hypothesis is correct. D) markets are not purely competitive.
In the case of nonexcludable goods, economists contend that the market ___________ produce these goods because of the ________________________
A) will; free rider problem B) will not; law of diminishing marginal utility C) will not; law of diminishing marginal returns D) will not; free rider problem.