In the United States in 2014, the percentage of firms that employed between 3 and 199 workers and offered health insurance as a fringe benefit to the workers was about

In a frictionless labor market:

A) there is always a shortage of workers. B) the wage adjusts instantly to clear the market. C) there is always a surplus of workers. D) the ongoing wage rate does not change for long periods of time.

Convergence refers to the idea that cross-country

a. growth rates will become more similar over time. b. unemployment rates will become more similar over time. c. per-capita income levels will become more similar over time. d. total income levels will become more similar over time. e. none of the above.