(Appendix) If you have an offer of $10/hour and the relevant range of offers is $5/hour to $15/hour with the offers proportionately distributed across the range, what is your expected gain from engaging in a search for another offer?
A. Zero
B. $5.00
C. $2.50
D. $1.25
Answer: D
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When we compare the records of the CPI and the PCE price index over time, the
A) two are very different in magnitude. B) PCE price index tends to exceed the CPI. C) CPI tends to exceed the PCE price index. D) two measures are identical. E) CPI tends to exceed the PCE price index when inflation is high, and the PCE price index tends to exceed the CPI when inflation is low.
Open market operations are an appropriate tool for day-to-day changes in monetary policy
Indicate whether the statement is true or false
Firms that seek to avoid hiring lazy workers that assert they are hardworking are trying to avoid
A) adverse selection. B) moral hazard. C) screening. D) signaling.
Senior citizens can buy movie tickets at a lower price than other people. This is an example of
A. price discrimination. B. age discrimination. C. market failure. D. demand discrimination.