The signaling theory of education suggests that when people earn a college degree they do not become more productive, but they do signal their high ability to prospective employers
a. True
b. False
Indicate whether the statement is true or false
True
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What is the difference between an endogenous variable and an exogenous variable?
What will be an ideal response?
Suppose that the current exchange rate between the dollar and peso is $1 equals 10 pesos. If a firm in Mexico wanted to purchase $100,000 worth of U.S. televisions, how many pesos must they exchange?
A) 10,000 pesos B) 100,000 pesos C) 1,000,000 pesos D) 11,000,000 pesos
Price discrimination is the
A) refusal by a firm to sell to all customers. B) selling of a given product at more than one price when the price differences reflect cost differences. C) pricing of a product so that not everyone can afford it. D) selling of a given product at more than one price when the price difference is unrelated to cost differences.
If the reserve ratio is 25 percent, the money multiplier is
What will be an ideal response?