Empirical studies suggest that the efficiency loss associated with the misallocation of labor caused by the union wage advantage is:
A. $6 billion per year.
B. about 2 percent of domestic output.
C. less than one-half of 1 percent of domestic output.
D. about 4 percent of domestic output.
Answer: C
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The landmark significance of the Protestant Reformation was the fact that it
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Indicate whether the statement is true or false.
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Fill in the blank(s) with the appropriate word(s).