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
You might also like to view...
In It Happened One Night, Colbert and Gable string a blanket between their motel-room beds for modesty and refer to it as "the great wall of China."
Indicate whether the statement is true or false.
In Ives' The Unanswered Question, which instrument represents the "question"?
a) woodwinds b) strings c) trumpet d) percussion
The landmark significance of the Protestant Reformation was the fact that it
A. shattered the religious unity of Western Christendom. B. ushered in the Italian Renaissance. C. enhanced the Catholic Church's influence in Northern Europe. D. All these answers are correct.
________ was the Coldplay song that brought them worldwide success and popularity.
Fill in the blank(s) with the appropriate word(s).