Suppose the labor-force participation rate of men is greater in Troy than in Sparta. This could be because the men of Troy
a. spend more time in school and have earlier and longer retirements than men in Sparta.
b. spend more time in school and have later and shorter retirements than men in Sparta.
c. spend less time in school and have earlier and longer retirements than men in Sparta.
d. spend less time in school and have later and shorter retirements than men in Sparta.
D
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Which of the following is true of cyclical unemployment?
A) Cyclical unemployment increases during periods of economic boom. B) Cyclical unemployment is the deviation of unemployment from its natural rate. C) Cyclical unemployment is also known as frictional unemployment. D) Cyclical unemployment decreases during periods of economic boom.
In order to change the demand for union labor, unions favor all of the following EXCEPT increasing
A) the minimum wage. B) import restrictions. C) immigration. D) job training for members.