Credential inflation results from
(a) a combination of cost-push inflation and demand-pull inflation.
(b) rigidities in the industrial sector.
(c) the need to select from among qualified applicants in the modern sector.
(d) all of the above.
C
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A result of selling concert tickets cheaply, that is below the equilibrium price, will be that
a. only those with nothing else to do will wait in line to buy a ticket. b. ticket buyers' benefits increase, at the expense of the performers. c. the costs associated with competition among buyers for the limited number of tickets will create deadweight losses. d. more tickets will be sold than if the price were at the market equilibrium.
Which functions of money could each item fulfill?
The table above shows the output per day of two? gardeners, George and Jack. They can either devote their time to mowing lawns or cultivating gardens. What is? Jack's opportunity cost of mowing a? lawn?
A. half a garden cultivated.
B. two lawns mowed.
C. two-thirds of a garden cultivated.
D. one and a half lawns mowed.
Plastics manufacturers can make either toys or plastic containers. If the prices and profitability of plastic toys increase, then the:
A. Demand for plastic containers will decrease B. Supply of plastic containers will increase C. Demand for plastic containers will increase D. Supply of plastic containers will decrease