The time spent by students in college
a. leads to lower future wages
b. is an investment in human capital
c. decreases human capital by lowering work experience
d. would be a positive compensating wage differential in markets for student labor
e. increases as the wage rate rises
B
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Microeconomics is the study of topics such as national production and unemployment
Indicate whether the statement is true or false
Some policymakers have argued that products like cigarettes, alcohol, and sweetened soda generate negative externalities in consumption. If the government decided to impose a tax on soda, the government will cause
A) producers to internalize the externality. B) the external cost to drinking soda to become a private cost paid by the government. C) consumers to internalize the externality. D) the external cost to drinking soda to become a private cost paid by producers.
Critics argue that firms use advertising to develop consumer preferences
a. True b. False Indicate whether the statement is true or false
If Bank A sells a $100,000 U.S. Treasury bond to the Fed, Bank A's required reserves will:
A. increase but by less than $100,000. B. decrease. C. not change. D. increase by $100,000.