Input productivity refers to the amount of output produced per unit of the input.
Answer the following statement true (T) or false (F)
True
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Regardless of whether or not screening or signaling occurs in markets with adverse selection, the equilibrium will always be less efficient than an equilibrium in the same competitive market if there were no asymmetric information.
Answer the following statement true (T) or false (F)
Completing a college degree signals to employers that you are:
A. intelligent. B. hardworking. C. able to complete assignments. D. All of these are signals one gives with a college degree.
Macroeconomic topics do not generally include: a. inflation
b. aggregate demand. c. government spending and taxation. d. the production decisions of individual firms.
A price floor policy establishes a minimum price for a market. Which of the following results from a binding price floor?
A. Shortage B. Excess demand C. Excess supply D. Equilibrium