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2 months ago

Question 1.

All of the following will shift the labor supply curve except

• an increase in labor force participation rate among women.

• an increase in the average age of retirement.

• an increase in the wage rate.

• a change in a country's immigration policy.

Question 2.

Which of the following best explains why unemployment rates are higher in the European economies than in the United States?

• More Europeans go to school full time and are therefore not able to participate in the labor market.

• Unemployment benefits are more generous in Europe than in the United States.

• Workers in Europe are less productive than workers in the United States.

• European industries pay a lower wage rate than industries in the United States.
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Microeconomics
Edition: 7th
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2 months ago
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Answer 1

an increase in the wage rate.

Answer 2

Unemployment benefits are more generous in Europe than in the United States.
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