If a worker is indifferent between a job with a wage of $10 per hour and a job with a wage of $12 per hour, then the
a. higher-paying job has a compensating wage differential of $2 per hour.
b. higher-paying job has a compensating wage differential of $12 per hour.
c. higher-paying job is intrinsically more attractive than the lower-paying job.
d. wage in the higher-paying job must eventually fall due to competition.
a
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Which of the following is a positive question?
A) What are the returns to education? B) Can a monopoly ever be good for society? C) Is there value in putting yourself in someone else's shoes? D) Are companies like Nike exploiting workers in the developing world?
What effect does an expansionary monetary policy in the U.S. have on the foreign trade sector?
A. The lower value of the dollar will decrease imports and increase exports. B. The higher value of the dollar will decrease imports and increase exports. C. The lower value of the dollar will decrease exports and increase imports. D. The higher value of the dollar will decrease exports and increase imports.
When social and private costs differ, economists state that
A. the society will produce inside the production possibilities frontier. B. there will be economic profit in the society. C. there is not an efficiency problem but an equity problem. D. there is an externality.
Which of the following factors would increase capital mobility?
a. fixed exchange rates. b. differences in tax laws between countries. c. different accounting standards between countries. d. both a and b. e. All of the above.