According to the theory of compensating pay differentials, which job should pay the most, all else equal?
Answer: An unpleasant and hazardous job
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Which one of the following is not a characteristic of a perfectly competitive market? a. Firms advertise in order to distinguish their products and increase market share. b. Firms earn zero economic profit in the long run
c. Competing products are virtually identical. d. Firms are price takers.
What is the estimated value of the slope parameter when the regression equation, y = 
0+
data-mathml="%3Cmath%20style%3D%22font%2Dfamily%3A%27Times%20New%20Roman%20Greek%27%22%20xmlns%3D%22http%3A%2F%2Fwww%2Ew3%2Eorg%2F1998%2FMath%2FMathML%22%3E%3Cmstyle%20mathsize%3D%2215px%22%3E%3Cmi%3E%26%23946%3B%3C%2Fmi%3E%3C%2Fmstyle%3E%3C%2Fmath%3E" src="@@PLUGINFILE@@/ppg__cognero__Ch_02_The_Simple_Regression_Model__media__cdcef7a2-dfa0-49c8-b489-15e1914aba38.PNG" style="vertical-align:middle;" />1x1 + u passes through the origin?
A. 
B. 
C. 
D. 
If a country has the ability to produce a specific good with fewer resources than other countries, then it has:
A. A comparative advantage. B. A trade surplus. C. Favorable terms of trade. D. An absolute advantage.
Increasing wage inequality results when international trade leads to ________ wages for workers in exporting industries and ________ wages for workers in importing industries.
A. higher; lower B. higher; higher C. lower; no change in D. lower; higher