Labor unions tend to drive wages higher than they would be otherwise.
Answer the following statement true (T) or false (F)
True
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The best way to address differences in labor and environmental standards is through trade barriers
Indicate whether the statement is true or false
A crucial feature of early Keynesian business cycle theory is that real wages vary ________, which in fact ________ clearly emerge from U.S. data on wages over time
A) countercyclically, does not B) countercyclically, does C) procyclically, does not D) procyclically, does
A temporary increase in income today leads to
A) a small increase in current consumption. B) a large increase in current consumption. C) a small decrease in future consumption. D) a large decrease in future consumption.
Filling gaps in your information by generalizing based on observable characteristics is called:
A. signaling. B. building a reputation. C. proofing. D. statistical discrimination.