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Question
Someone might expect a job as a college professor to pay a wage lower than the wage one could receive in the private sector because of
a. negative compensating differentials.
b. positive compensating differentials.
c. efficiency wages.
d. the life-cycle wage pattern.
e. in-kind transfers.
Answer
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Related questions
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Price gouging laws will usually result in ________ the product in the distressed market.
a. more supply of
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c. government setting up an agency to regulate supply of
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The economic entity most likely to engage in price gouging is
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What will an individual do differently as a buyer in the black market in the long run?
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Q:
What is the long-run consequence of a price ceiling law?
a. A surplus will continue to exist and will grow larger over time.
b. A surplus will continue to exist and will grow smaller over time.
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Q:
Suppose Solomon lives in a community with no price controls. What do you expect will happen if his town borders a community where there is a binding price ceiling on most products?
a. Prices in the legal market in the community with a binding price ceiling will rise.
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b. The binding price ceiling will discourage patients from obtaining the drugs they need.
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One strategy someone might use to be elected mayor of a university town is to place a binding price ceiling on rent for student apartments. What will happen if he or she gets elected and is able to pass such a law?
a. The price ceiling will increase the number of apartments available for rent.
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Q:
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Q:
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Q:
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Q:
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