For a worker to be potentially available, he or she must
A) know about the jobs available at a particular firm.
B) be in the relevant geographic market and be willing to work for minimum wage.
C) have most of the skills required by the firm only.
D) have the skills required by the firm and be in the relevant geographic market.
Answer: D
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? In Figure 5-13, the consumer can afford any combination of X and Y represented by a point
A. on line AB only. B. on or below line AB. C. on or above line AB. D. anywhere on the graph.
In order to be effective, the minimum wage must be
a. increased every 3 years. b. above the market wage. c. below the market wage. d. higher for teenage workers.
If we consider age distribution, institutional factors, and in-kind transfer programs, income distribution is likely considerably more unequal than it appears from measured income
a. True b. False Indicate whether the statement is true or false
Identify the correct statement
a. It is absolutely compulsory for the government to earn a profitable return on the money it earns by selling bonds. b. When government borrowing rises, interest rates decline, thereby driving up private investment. c. When interest rates rise, fewer number of corporations offer new bonds to raise investment funds. d. An increase in interest rate reduces the cost of borrowing by the firms. e. When interest rates fall, the firm's cost of raising funds through bonds increases.