LABOR ECONOMICS LOOSELEAF 8/E
8th Edition
ISBN: 9781264010516
Author: BORJAS
Publisher: MCG
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Question
Chapter 7, Problem 2P
a)
To determine
The effect of indexing the minimum wage to inflation on wage inequality.
b)
To determine
The effect of increasing the benefit level paid to welfare recipient on wage inequality.
c)
To determine
The effect of increasing wage subsidies paid to firms that hire low-skilled workers on wage inequality.
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Consider the following statements: a. Fewer people are employed in Freedonia now than at any time in the past 75 years. b. The unemployment rate in Freedonia is lower now than it has been in 75 years.Can both of these statements be true at the same time?
A. Yes, these statements can be correct if more people are classified as "discouraged workers."B. No, these statements cannot be true since unemployment must increase as employment decreases.C. Yes, if the number of unemployed decreases more than the number of employed.D. Yes, both of these statements can be correct if labor productivity increases.
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Chapter 7 Solutions
LABOR ECONOMICS LOOSELEAF 8/E
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