A relatively larger proportion of ____ work in unskilled jobs with lower pay than do ____
a. females; Caucasian males
b. nonwhites; Caucasian males
c. Caucasian males; females
d. Both (a) and (b) are correct.
d
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The table above shows the marginal costs and marginal benefits of college education. If the market for college education is perfectly competitive and unregulated, at the equilibrium quantity, the marginal external benefit is
A) zero. B) $5,000. C) $4,000. D) $8,000.
Refer to Figure 2-18. Which two arrows in the diagram depict the following transaction: Dorian Gray hires "Wild Oscar," a professional portrait artist, to paint his picture
A) J and M B) K and G C) K and M D) J and G
The concept of holding reserves, such as gold, that are less than the value of the total deposits
A) is known as fractional reserve banking.
B) has been illegal since the passage of the Financial Services Modernization Act of 1999.
C) is known as non-credit banking.
D) None of the above are correct.
The age-earnings cycle is an earnings profile of an individual throughout the person's lifetime. The profile shows that
A. earnings usually peak at age 25 and then decline. B. earnings and age have no particular correlation. C. younger workers have the most productivity. D. earnings gradually rise until they peak around age 50.