Answered: 41. Correcting factor price distortions…

Business

Economics

41. Correcting factor price distortions is a function of the government.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter12: The American Labor Force

Section12.1: Amercians At Work

Problem 1R

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Question

TRUE or FALSE

41. Correcting factor price distortions is a function of the government.

42. Harris-Todaro Migration Model related the demand and supply of workers specifically in the manufacturing sector.

43. Migration decision of Filipinos is always an economic decision.

44. When wage differential is negligible, rural to urban migration will not be much of a problem.

45. When a company serves slum areas, it will surely have difficulty in achieving its economic and financial bottom-line of profit.

46. Rural-urban migration, as an economic issue, is basically about income and employment.

47. In the Philippines, there is no concrete policy on rural-urban migration.

48. The location choices of big labor-intensive companies will have bearing on migration between rural and urban areas.

49. Labor turnover is faster in urban companies than in rural companies.

50. The presence of shanty towns relates to a nation’s GINI coefficient.51. Perfect inequality in the distribution of income can be exhibited in reality.

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