According to a study by economists Raymond Fisman and Edward Miguel, as the level of corruption in a country increases,
A) so does the size of the country?s population.
B) so does the number of parking violations by the country?s United Nations delegates.
C) the levels of foreign direct investment and foreign portfolio investment decrease.
D) the levels of real GDP per capita and real income per capita increase.
Answer: B) so does the number of parking violations by the country?s United Nations delegates.
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Comparable worth legislation
A) guide markets toward the economically efficient wage. B) mandate that employers pay the same wages to workers, regardless of their gender, for jobs that have comparable worth. C) will eliminate the earnings gap between men and women. D) mandate that potential employers demonstrate that they are worth the wages they expect to earn.
Due to capacity constraints, the price elasticity of supply for most products is:
A) the same in the long run and the short run. B) greater in the long run than the short run. C) greater in the short run than in the long run. D) too uncertain to be estimated.