If the government undertakes expansionary fiscal policy, it might:

Wage rates may vary among labor markets for each of the following reasons, except one. Which is the exception?

a. differences in job risks b. differences in social status associated with the job c. differences in market size d. differences in educational requirements e. differences in job training requirements

If a firm sells its output at a price greater than AVC, it will earn economic profit

a. True b. False Indicate whether the statement is true or false