College-educated workers tend to reach their peak earnings between the ages of 45 and 54.
Answer the following statement true (T) or false (F)
True
See Figure 16.6 in the textbook.
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Investors value liquidity in an asset because
A) liquid assets tend to have high rates of return. B) liquid assets incur lower selling costs. C) liquid assets incur lower tax liabilities. D) whereas liquid assets have high information costs, their low risk offsets this.
Which of the following actions will decrease the gross domestic product (GDP)? a. Tom's alarm clock breaks, so he buys a new one
b. Tom buys a new alarm clock because he tends to sleep through the first alarm. c. Tom's alarm clock breaks. He now oversleeps and has to buy a cup of coffee on the way to work instead of making it at home. d. Tom gets fired for being late often after his alarm clock breaks. e. Tom sells his broken alarm clock and uses the money to buy some French fries.
The price mechanism
A. works best when many competing business firms are in each industry. B. works best when government through a central planning agency sets prices. C. works best when corporations set prices for a market economy. D. All of the choices are true about price mechanism.
When economists refer to labor, what type of workers are they referring to?
What will be an ideal response?