Individuals become dependent on welfare payments because the benefits that have to be given up in order to become employed are higher than the benefits from working
a. True b. False
a
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All differences in wages that are not accounted for by differences in human-capital investment are likely to be a result of discrimination
a. True b. False Indicate whether the statement is true or false
What direction of change in velocity could explain the price level increasing by a smaller percentage than the money supply? What would this change in velocity imply about the frequency with which money changes hands?
The infant industry argument for protection makes sense if the infant industry is
A. able to compete against foreign firms now, but not in the future. B. not able to compete against foreign firms now, but will be able to in the future. C. not be able to compete now or in the future. D. able to compete now and in the future.
The marginal productivity principle has some relevance to organizing production in a socialist society.
Answer the following statement true (T) or false (F)