It is possible to purchase diplomas from diploma mills. The situation in which the degrees are more important than the knowledge they are supposed to represent is called:
A. accreditation.
B. credentialism.
C. cretinism.
D. diplomacy.
Answer: B
You might also like to view...
In 2015, Peelville consumed 30,000 bananas. In 2016, banana consumption rose to 35,000. Calculate the percentage change in banana consumption
A) 11.66% B) 14.28% C) 16.67% D) 22.25%
When the current state of the economy is such that Real GDP is equal to Natural Real GDP, the economy is in ____________________ . In this situation, the (actual) unemployment rate is ___________ the natural unemployment rate, and there is ________________ in the labor market
A) long-run equilibrium; equal to; equilibrium B) inflationary; less than; a shortage C) long-run equilibrium; greater than; equilibrium D) recessionary; greater than; a surplus E) recessionary; less than; equilibrium
A decrease in consumer spending can be expected to shift the aggregate expenditures curve ________.
A. downward and the aggregate demand curve leftward B. upward and the aggregate demand curve rightward C. upward and the aggregate demand curve leftward D. downward and the aggregate demand curve rightward
A domestic monopoly producing a close substitute of an imported product would prefer to be protected by a quota than a tariff that results in the same amount of imports because
A. the deadweight loss will be smaller with a quota. B. a quota allows the monopoly to charge a higher price. C. unlike a tariff, a quota does not generate revenue for the government. D. after the imposition of the tariff the price of the imported good declines in the domestic market.