Answer 5 labor economics’ true false questions

  1. 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” _________

  2. The shape of the indifference curve of an individual determines the level of his/her reservation wage __________

  3. The elasticity of labor demand is always negative __________

  4. The elasticity of the individual labor supply is always positive __________

  5. 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 _________