Author Question: Which of the following is not true about taste for work? a. Everyone ends up in her or his most ... (Read 38 times)

JGIBBSON · **on:** Jun 30, 2018

Which of the following is not true about taste for work?
a. Everyone ends up in her or his most preferred job
b. The transaction costs of job information and of changing jobs may prevent some desirable matchups
c. Workers seek jobs in a way that tends to minimize the disutility of work
d. Economists argue that your preferences are stable and you supply more labor to jobs you like
e. Economists do not try to explain how work preferences develop

Question 2

The GATT's most-favored nation clause means that tariff reductions granted by a member of GATT to imports from one country
a. apply only to that country
b. are only extended to certain favored members of GATT
c. are extended to all other members of GATT
d. must be matched by equivalent quota reductions
e. are extended to all other countries of the world