The Phillips curve represents the Fed's short-run choices between inflation and unemployment
a. True
b. False
A
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Which of the following is true?
a. Employers who discriminate against women will have lower costs than rival firms that hire employees strictly on the basis of merit (productivity). b. On average, the number of hours worked per year by women in the labor force is greater than the hours worked by men in the labor force. c. The female/male earnings ratio is substantially higher for never married persons than for those married with a spouse present. d. As the proportion of women preparing for careers as professionals has increased in recent decades, the earnings of women have declined relative to those for men.
A legitimate concern about illegal immigration is that it:
A. Tends to lead to higher product prices B. Has a negative fiscal impact on local and state governments C. Causes a one-for-one reduction in employment for legal residents D. Causes the average wage level in the U.S. to fall
Providing a good would likely be most difficult when the project involves assembling
A) a few parcels of contiguous land. B) a few parcels of noncontiguous land. C) many parcels of contiguous land. D) many parcels of noncontiguous land.
Classical economists reject the laissez-faire theory that the economy would self correct to full employment without government interference
a. True b. False Indicate whether the statement is true or false