The earnings of highly educated workers:
A. rise more slowly than those of less-educated workers.
B. rise more rapidly than those of less-educated workers.
C. rise at about the same rate as those of less-educated workers.
D. stagnate earlier than do those of less-educated workers.
Answer: B
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While short-run growth increases capacity, long-run growth increases capacity utilization.
Answer the following statement true (T) or false (F)
All of the following are components of the Federal Reserve system except the:
A. Federal Deposit Insurance Corporation. B. 12 regional Federal Reserve banks. C. Federal Open Market Committee. D. Board of Governors.
Indifference curves
A) are vertical. B) are horizontal. C) slope upward. D) slope downward.
John is trying to decide how to divide his time between his job as a stocker in the local grocery store, which pays $7 per hour for as many hours as he chooses to work, and cleaning windows for the businesses downtown. He makes $2 for every window he cleans. John is indifferent between the two tasks, and the number of windows he can clean depends on how many hours he spends cleaning in a day, as shown in the table below:Hours PerDay CleaningWindowsTotal Numberof WindowsCleaned0017211314416517John's benefit from his first hour cleaning windows is:
A. $7 B. $14 C. $18 D. $2.