Even if college imparted no additional knowledge to its graduates, they are likely to earn more because _____
a. firms like to say they only hire college graduates
b. of the connections that one makes in college
c. a college degree sends a signal of innate ability to employers
d. their parents help them get a job
c
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What percent of Internet access occurs via a mobile device?
A) More than 50 percent B) More than 60 percent C) More than 70 percent D) More than 80 percent E) More than 90 percent
Human capital refers to
a. manufactured goods that humans use in the production of goods b. capital goods that enhance human abilities to produce goods c. knowledge and skills acquired by labor through education and training d. unskilled labor, as distinct from physical capital or skilled labor e. labor and capital used together in production
Assuming MPC = 0.5, a $500 increase in intended investment will shift the aggregate expenditure curve up by
a. $500 and will increase the equilibrium level of national income by $500 b. $500 and will increase the equilibrium level of national income by less than $500 c. $500 and will increase the equilibrium level of national income by more than $500 d. more than $500 and will increase the equilibrium level of national income by more than $500 e. less than $500 and will increase the equilibrium level of national income by less than $500
When an individual firm in a competitive market decreases its production, it is likely that the market price will rise
a. True b. False Indicate whether the statement is true or false