A firm might offer efficiency wages in order to attract a better pool of applicants
a. True
b. False
Indicate whether the statement is true or false
True
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In many large American cities it is common to witness private motorists pulling up to municipal bus stations and allowing perfect strangers to ride into downtown with them in order to take advantage of the high occupancy vehicle lanes that require
two or more drivers. Using the concept of elasticity of demand and total revenue explain why public transit authorities might be concerned with this practice.
Thomas Jefferson strongly influenced the passing of the Land Ordinances of 1785 and 1787
A close study of those ordinances suggests that Jefferson believed in the importance of securing the private rights of individuals to buy, sell and derive income from their land. Indicate whether the statement is true or false
In Canada, as elsewhere, the unemployment associated with a recession is called
a. structural unemployment b. frictional unemployment c. discouraged unemployment d. cyclical unemployment e. temporary unemployment
Which of the following is included in both the balance of trade and the balance of payments?
A) exports B) earnings on domestic assets owned by foreign residents C) international capital movements D) earnings by domestic residents on assets located abroad