One example of a microeconomic question is, "Should unemployment benefits be increased?"
Indicate whether the statement is true or false
FALSE
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To improve your own bargaining position
a. decrease the value of your outside options b. increase the value of your outside options c. do not alter the value of your outside options d. increase the value of your opponent's outside options
Related to the Economics in Practice on p. 573: According to the study cited in the Economics in Practice, which of the following is not true?
A. The study used a longitudinal survey done by the Census Bureau. B. The researches found considerable evidence of wage stickiness. C. Until recently it has been hard to find the right data to answer the question of wage stickiness. D. To verify the sticky wage assumption the researchers looked at averages wages over time.