Quiz_173 - 52 A B

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52) Which of the following best explains why unemployment rates are higher in the Europeaneconomies than in the United States?A) Unemployment benefits are more generous in Europe than in the United States.B) More Europeans go to school fulltime and are therefore not able to participate in the labormarket.C) European industries pay a lower wage rate than industries in the United States.D) Workers in Europe are less productive than workers in the United States.Answer: A52)Diff: 1Page Ref: 552/552Topic: The Supply of LaborLearning Outcome: Micro 17: Explain the effects of the factors of production, factor demand, and factorsupply and labor in factor marketsAACSB:53) If Molly Bee increases her work hours when her wage increases, then53)Diff: 2Page Ref: 551/551Topic: Substitution and Income Effects of a Wage ChangeLearning Outcome: Micro 17: Explain the effects of the factors of production, factor demand, and factorsupply and labor in factor marketsAACSB: Reflective Thinking54) If Alan Shaw reduces his work hours when his salary increases, then54)Diff: 2Page Ref: 551/551Topic: Substitution and Income Effects of a Wage ChangeLearning Outcome: Micro 17: Explain the effects of the factors of production, factor demand, and factorsupply and labor in factor marketsAACSB: Reflective Thinking
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