Screening and signaling in the labor market are inefficient
A) unless college costs are relatively low.
B) unless they result in a better job match.
C) because the benefits are spread out over many firms.
D) because they raise the wage paid to all workers.
B
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The elasticity of supply is defined as the ________ change in quantity supplied divided by the _______ change in price.
a. total; percentage b. percentage; marginal c. marginal; percentage d. percentage; percentage
Use the answer you found when adding market demand curves vertically in Question 18 above to find the market equilibrium quantity if the market supply is constant at 4 units.
What will be an ideal response?
Which of the following policies addresses the problem posed by positive externalities?
A) a subsidy to the agent that generates the positive externality B) a tax on the agent that generates the positive externality C) limit the activity that generates the positive externality D) a subsidy to the agents that benefit from the positive externality
Which procedure or test investigates the officer's preparation, decisionmaking skills, relations with others, and knowledge and application of departmental policy?
A) oral interview board B) situational test C) performance appraisal D) written promotional test