Recall the Economics in Practice on page 371: According to a study discussed in the Economics in Practice, when students were moved from a class taught by a below-average teacher to one at the 75th percentile, the move
A. increased the students' future earnings by 3.5% per year.
B. made no difference on the students' future annual earnings.
C. increased the students' future earnings by more than 50% per year.
D. actually decreased the students' future annual earnings.
Answer: A
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From 2002 to 2011, the average unemployment rate in the United States
A) was higher than the average unemployment rates in most high-income European countries. B) and the average unemployment rates in other high-income countries varied significantly. C) was roughly the same as the average unemployment rates in other high-income countries. D) was the lowest of all high-income countries.
Activists hold that
A) activist monetary policy is flexible. B) nonactivist monetary policy is inflexible. C) the economy does not always return quickly enough to full-employment output. D) a and b E) all of the above
Which statement is true?
A. The federal government never intervened in our economy until the 1930s. B. Federal government intervention in our economy has grown steadily since the time of the Civil War. C. The federal government has intervened in our economy from time to time throughout our history. D. None of these statements are true.
Becoming better at a task the more often you perform is referred to as:
A. economies of performance. B. learning by doing. C. inherent advantage. D. economies of scope.