Wage differentials between occupations can be explained by all of the following except
A) the relative differences between demand and supply in various occupations
B) the fact that some occupations are more desirable than others.
C) the market power of different employers.
D) the fact that some occupations require higher levels of human capital than others.
C
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Economists Leigh Linden and Jonah Rockoff researched the effect of the proximity of the residences of registered sex offenders to the values of other homes in the same area and found that the effects of having a sex offender in the neighborhood
A) are widespread and tend to remain unchanged with distance. B) are virtually nonexistent. C) reduce the average home value in the area by 50 percent. D) are highly localized and diminish rapidly with distance.
According to the 2005 UNDP Human Development Report child mortality (under age 5) has declined in all regions of the world except:
(a) South Asia (b) Sub-Saharan Africa (c) Middle East and North Africa (d) None of the above
If indirect business taxes and depreciation were added to the national income, we obtain: a. Net National product
b. Gross National Product. c. Gross Domestic Product. d. Personal Income.
Though Nash games are noncooperative, a cooperative outcome is more likely if
A. firms can easily monitor the outcomes from a rival's defection. B. firms expect the market relationship to last only for a short time. C. the long-run gains are smaller than the short-run gains. D. firms expect the market relationship to last a long time.