Answer the following statements true (T) or false (F)
1. The highest unemployment rate in the United States in recent years has been among adult females.
2. Part-time workers who want full-time employment but cannot find it are considered underemployed.
3. Increases in the federal minimum wage directly affects only a small percentage of U.S. workers.
4. Because of increases in the minimum wage, new entrants into the labor force find it easier to find employment.
5. Many economists believe that increases in the minimum wage tend to create a labor surplus.
1. FALSE
2. TRUE
3. TRUE
4. FALSE
5. TRUE
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The table above gives a nation's investment demand and saving supply schedules. It also has the government's net taxes and expenditures. When the real interest rate is 4 percent, the supply of loanable funds is equal to
A) $10 billion. B) $50 billion. C) $90 billion. D) $80 billion. E) $30 billion.
An employee gains $500 from shirking. Thus, to deter shirking, the employer makes employees post a bond equal to $1,000, and installs monitoring devices to detect shirking. What is the probability that these devices can detect shirking?
A) 30% B) 100% C) 50% D) 95%