Wage differentials exist because not all workers and all jobs are alike
a. True
b. False
Indicate whether the statement is true or false
True
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Federal job training programs
A. help provide job market skills to those in poverty. B. have been overwhelmingly effective in helping those in poverty. C. cost very little money per person participating. D. all of these answer options are correct.
Explain why a decrease in an input price causes less of an increase in the quantity demanded of the factor if we assumed that product price remained constant
What will be an ideal response?
Suppose A and B are complementary goods. Other things being equal, the demand curve for A will shift to the right when the price of B goes down
a. True b. False Indicate whether the statement is true or false
Corporate concentration can be measured by
A. only the concentration ratio. B. only the Herfindahl-Hirschman index. C. both the concentration ratio and the Herfindahl-Hirschman index. D. neither the concentration ratio nor the Herfindahl index.