Restrictive labor law can create two different groups
A. insiders, who enjoy long-term stable employment, and outsiders, who end up with high unemployment rates.
B. insiders, who end up with high unemployment rates, and outsiders, who enjoy long-term stable employment.
C. employers, who bear the costs of restrictive labor laws, and workers, who enjoy the benefits of restrictive labor laws.
D. employers, who enjoy the benefits of restrictive labor laws, and workers, who bear the costs of restrictive labor laws.
Ans: A. insiders, who enjoy long-term stable employment, and outsiders, who end up with high unemployment rates.
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A major contribution of the Solow model is its ________
A) insight into what distinguishes rich economies from poor economies B) explanation of why productivity grows over time C) demonstration that the key to sustained growth is a high level of saving D) encouragement of policies to limit population growth
Mutual interdependence among firms in an oligopoly means that:
a. firms never practice price leadership. b. firms never form a cartel. c. it is difficult to know how firms will react to decisions of rivals. d. no formal agreement is possible among firms.