The U.S. Constitution prevents tariffs on trade between the individual states.
Answer the following statement true (T) or false (F)
True
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The price of a good is the most important determinant of the supply of that good
a. True b. False Indicate whether the statement is true or false
Selection bias is a problem when trying to estimate the return to education in a standard human capital model. In this context, what does selection bias refer to?
A. Colleges select who they are willing to accept. B. The data sample is nonrandom. C. The wage-schooling locus does not have a constant slope. D. The wage-schooling locus is estimated to have a negative slope. E. Workers self-select education levels and jobs based on their abilities and preferences.
The labor force is the sum of
A) employed workers and discouraged workers. B) employed workers and unemployed workers. C) employed workers and individuals not looking for work. D) unemployed workers and the working-age population.
Collective bargaining refers to
A) negotiations between workers and health officials. B) negotiations between management of a company and a labor union. C) farming methods in Marxist states. D) the process of electing union leaders.