Question: 1. Indicate whether each statement is true or false and support your answer in a sentence explanation. Whether a statement is true or false, you

1. Indicate whether each statement is true or false and support your answer in a sentence explanation. Whether a statement is true or false, you must supply an explanation. Each statement is worth 2 points, one point for the correct answer and one for the explanation (10 pts total).

a. The effects of employer taste-based discrimination should be eliminated by additional competition.

b. Inequality in the U.S. changed between 1970 and 2010 mainly because the number of college graduates increased relative to the number of high school dropouts.

c. Assuming the perfect competition model, an increase in the wage shifts the labor demand curve towards the origin.

d. A dollar received today does not have the same value as a dollar received tomorrow.

e. If the number of job-gainers is more than the number of job-losers, the unemployment rate must fall.

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