Answer 5 labor economics’ true false questions
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In any empirical problem, a simple difference-in-means of an outcome between those “treated” and those “non-treated” will yield the causal effect of the “treatment” _________
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The shape of the indifference curve of an individual determines the level of his/her reservation wage __________
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The elasticity of labor demand is always negative __________
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The elasticity of the individual labor supply is always positive __________
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From society’s point of view, having a monopsony or a union in a labor market is preferable relative to having both of those coexisting together, since one market imperfection is preferable to two _________
