A current price below the equilibrium price will result in a surplus.

Which of the following policy levers definitely enhances productivity?

A. Higher taxes. B. More government regulation. C. A higher labor to capital ratio. D. Investment in human capital.

Which of the following statements about migration is not true?

A. Migration is greater among younger workers compared to older workers because older workers have less time over which to benefit from the returns to migration. B. Migration is greater among married couples compared to single-person households because migration costs are less for married couples. C. Migration is greater among people who like the adventure of moving compared to people who do not like the adventure of moving because the psychic costs of moving are less for those who enjoy moving. D. A tied-stayer is someone who would move if he or she were single. E. Migration is greater among highly educated workers compared to less educated workers because the returns to education for highly educated workers vary more from location to location than for workers with low levels of education.