A manager of a small firm who believes in the signaling theory of education would encourage her employees to obtain additional education to raise their on-the-job productivity
a. True
b. False
Indicate whether the statement is true or false
False
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Suppose that an increase in capital per hour worked from $15,000 to $20,000 increases real GDP per hour worked by $500
If capital per hour worked increases further to $25,000, by how much would you expect real GDP per hour worked to increase if there are diminishing returns? A) by less than $500 B) by more than $500 but less than $5,000 C) by exactly $500 D) by more than $5,000 but less than $20,000
Which function of money enhances the ability of households to accumulate wealth
A) medium of exchange B) store of value C) valuable relative to its weight D) does not become worn out too quickly
Identify the correct statement related to objective and subjective performance measures.
A. Subjective measures induce dysfunctional behaviors while objective measures do not. B. Subjective measures are used in explicit formal contracts. C. Objective measures can create incentives for gaming. D. Objective measures are more accurate than subjective measures.
The sum of public and private saving in an economy is equal to
A) Y - C - T. B) T - TR - G. C) Y - C - G. D) I - C - G.