The lack of a universal productivity effect of higher education was demonstrated by the experience of
a. the United Kingdom.
b. Ireland.
c. France.
d. the Soviet Union.
d
You might also like to view...
Refer to Figure 12-5. The firm's manager suggests that the firm's goal should be to maximize average profit. If the firm does this, what is the amount of profit that it will earn?
A) $6,600 B) $6,750 C) $12,150 D) $36,000
The system of sharecropping that emerged after the Civil War (1861–1865)
(a) gave neither the owners of land nor the sharecroppers strong incentives to make improvements in agricultural production. (b) gave both the owners of land and the sharecroppers strong incentives to make improvements in agricultural production. (c) gave the owners of land but not the sharecroppers strong incentives to make improvements in agricultural production. (d) gave the sharecroppers but not the owners of land strong incentives to make improvements in agricultural production.
Assume that an analyst at a leading business daily observes an increase in productivity across industries which announced healthy annual bonus for their employees. This leads him to conclude that productivity is directly related to the incentive scheme followed by companies. The analyst however ignored the increase in capital per worker ratio and other technological developments in these
companies which also affected productivity. This error in reasoning is related to: a. bounded rationality. b. selection bias. c. representative heuristics. d. availability heuristics.
In the long run, monopolistically competitive firms:
A. have excess capacity and produce at the minimum of average total cost. B. produce at the minimum of average total cost. C. have excess capacity. D. charge prices equal to marginal cost.