Why might people choose to go to college?
A. A college education increases one's productivity, which will be rewarded in the labor market with higher wages.
B. Someone enjoys the process of becoming educated.
C. A college education signals to firms that the worker is highly motivated.
D. One cannot find employment.
E. All of these options are reasons people might choose to go to college.
Answer: E
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If producer pays entire tax, good is _________________.
Fill in the blank(s) with the appropriate word(s).
When an economy is operating efficiently, the production of more of one good will result in the production of less of some other good because
What will be an ideal response?
Judging from the table showing income inequality in the United States, the Great Depression and new social programs of the 1930s, plus the impact of World War II, caused the proportion of income earned by the wealthiest Americans to ______.
a. drop significantly
b. drop slightly
c. rise slightly
d. rise dramatically
The supply and demand for saving are brought into equilibrium by adjustments of the ________ rate.
A. nominal interest B. discount C. real interest D. dividend