Which of the following would most likely cause a job to command a compensating wage differential?
a. There are barriers to the entry of new workers into the job market.
b. The job is more dangerous than most other occupations.
c. Wage rigidity prevents the wage rate from falling to the equilibrium level.
d. There has been an increase in the price of another input that is substitutable for labor.
e. The job market is dominated by one large firm.
B
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The above table contains information about the nation of Syldavia. There are no income taxes or imports in this nation. When real GDP is $15 billion, firms' inventories experience an unplanned
A) increase of $5 billion. B) decrease of $10 billion. C) increase of $4 billion. D) decrease of $1 billion. E) increase of $10 billion.
The higher the inflation differential between countries, the less likely it is that relative PPP will hold
Indicate whether the statement is true or false
Indexing Social Security payments is done using the:
A. CPI. B. PPI. C. GDP deflator. D. RPI.
A price control always benefits consumers
a. True b. False Indicate whether the statement is true or false