Periods of less than full employment correspond to
A. points underneath the ppf.
B. points on the ppf.
C. either points inside or outside the ppf.
D. points outside the ppf.
Answer: A
Economics
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Suppose new electronic devices make it easier to monitor the effort levels of workers. If some shirking is still possible in the efficiency wage model, what happens to the level of employment?
A) Increases, but some unemployment remains B) Increases, and the labor market reaches full employment C) Decreases D) Does not change
Economics
When a low-income individual receives a transfer payment, that individual has less of an incentive to forgo leisure time for work time
a. True b. False Indicate whether the statement is true or false
Economics