Which of the following can result in occupational crowding?
a. Illegal immigration
b. Outsourcing of services
c. Consumer prejudices, superstitions, and religious taboos
d. Governmental policies and customs
e. Statistical discrimination and imperfect information
e
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Suppose that U.S. inflation is 3 percent and Turkish inflation is 70 percent. The effect of this discrepancy on the foreign exchange market is that
A) the Turkish currency will depreciate. B) the dollar will depreciate. C) it is impossible for interest rate parity to hold. D) the Turkish currency will appreciate.
The above (incomplete) table provides information about the relationships between labor and various product measures. The amount of labor that maximizes the marginal product of labor is
A) 2 units of labor. B) 3 units of labor. C) 4 units of labor. D) 5 units of labor.