As a result of emancipation,
(a) black labor force participation increased by 1/3.
(b) black labor force participation declined by 1/3.
(c) amazingly, black labor force participation remained essentially unchanged.
(d) average wages of black workers rose well above those of their immigrant counterparts.
(b)
You might also like to view...
People who call for creating a "level playing field" believe that:
a. a country with relatively low wages is typically a country with an abundance of low-skilled labor. b. trading on the basis of comparative advantage benefits both domestic and foreign firms. c. creating a "level playing field" undermines the basis for specialization and economic efficiency. d. production in accordance with comparative advantage is unfair. e. free trade allocates the scarce resources in an efficient way.
Compared to businesses with market power, businesses in perfect competition will charge __________ prices and sell __________ output.
A. higher; less B. higher; more C. lower; less D. lower; more