A signal is more effective if less-productive workers find it easier to send than do more-productive workers
Indicate whether the statement is true or false
true
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Larry was accepted at three different graduate schools, and must choose one. Elite U costs $50,000 per year and did not offer Larry any financial aid. Larry values attending Elite U at $60,000 per year. State College costs $30,000 per year, and offered Larry an annual $10,000 scholarship. Larry values attending State College at $40,000 per year. NoName U costs $20,000 per year, and offered Larry a full $20,000 annual scholarship. Larry values attending NoName at $15,000 per year. Larry's opportunity cost of attending Elite U is:
A. $20,000 B. $50,000 C. $70,000 D. $15,000
If the marginal propensity to save (MPS) is 0.25, the value of the spending multiplier is:
a. 1. b. 2. c. 4. d. 9.
Economists like Hernando de Soto feel that a ___________ is the key to economic development.
A. strong national defense B. strong currency C. strong titling system D. stable currency
If the debt of the federal government decreases by $20 billion in one year the budget:
A. deficit in that year must be $20 billion. B. surplus in that year increases by $20 billion. C. deficit in that year decreases by $20 billion. D. surplus in that year must be $20 billion.