Economists Novy-Marx and Rauh contend that
A. cities are in fine shape with regard to their pension liabilities, but that states are not.
B. states and cities are in poor shape with regard to their pension liabilities.
C. states are in fine shape with regard to their pension liabilities, but that cities are not.
D. states and cities are in fine shape with regard to their pension liabilities.
Answer: B
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The figure above shows one of Bob's indifference curves for CDs and books
a) Is the indifference curve steeper at point a or point b? b) What is Bob's marginal rate of substitution at point a? c) What is Bob's marginal rate of substitution at point b?
Causes of the decline in the U.S. men's labor-force participation rate over the past several decades include young men now staying in school longer than their fathers and grandfathers did, older men now retiring earlier and living longer, and more fathers now staying at home to raise their children
a. True b. False Indicate whether the statement is true or false
In a perfectly competitive market, the horizontal sum of all the individual firms' supply curves is
a. zero. b. equal to the industry profits. c. the market supply curve. d. a horizontal line.
Which of the following factors does not affect the value of a worker's marginal product?
a. discrimination against a particular group of workers by a firm's customers b. a worker's level of disposable income c. a worker's level of human capital d. compensating wage differentials