Everything else being equal, a job in which workers face a relatively small chance of being laid off would generally have
a. a lower wage rate
b. a higher wage rate
c. more fringe benefits
d. higher skill requirements
e. no expected wage differentials in equilibrium
A
You might also like to view...
Most of the state and local government employees are in what area?
A. Education B. Highways C. Health care D. Administration
Suppose that the nation wide average cost of air pollution generated by a car is $1,000. Would a tax of $1,000 on every car induce people to take external costs into consideration and bring about the optimal price and output for autos? Explain
What will be an ideal response?
If the price level falls, what will happen to the aggregate supply curve?
a. It will shift outward. b. It will shift inward. c. Nothing. d. It will get steeper. e. It will get flatter.
In a certain city, the local government regulates the destruction of historic buildings and provides tax breaks to owners of historic buildings who restore them. These government policies
a. reflect the fact that restored historic buildings convey a positive externality. b. reflect the fact that the destruction of historic buildings conveys a positive externality. c. are likely to worsen the market failure that is associated with historic buildings and the restoration of such buildings. d. are likely to decrease the well-being of society as a whole.