According to the signaling theory of education,
a. schooling sends signals to employers in much the same way that advertising sends signals to consumers.
b. a person becomes more productive by earning a college degree.
c. education is less important than natural ability.
d. All of the above are correct.
a
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Sellers who charge different prices to different customers can increase their net revenue
A) by forcing some customers to pay more for the product than it is worth to them. B) by getting high-price customers in effect to subsidize sales to low-price customers. C) if the demand of some customers for the product enables the sellers to build volume by selling at prices below marginal cost. D) if they can prevent customers from reselling to one another.
Prior to the Great Recession of 2007–2009, labor input in the United States was growing at nearly
A. 1 percent per year B. 2 percent per year. C. 2.5 percent per year. D. 3 percent per year.
Which of the following compose the M2 money supply?
A. currency only B. currency, checkable deposits, and traveler's checks C. M1 plus large denomination time deposits and Eurodollar deposits D. M1 plus savings deposits and small-denomination time deposits
A lower domestic price level should
A. decrease real wealth and consumption. B. increase net exports. C. decrease desired investment. D. none of these.