Problems with the use of commodity money include:
a. quality control.
b. storage difficulties.
c. inconvenience.
d. spoilage.
e. All of the above.
e. All of the above.
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The cost, c, of a college education that serves only as a signal of a high-quality worker is $10,000. The wage of a known high-quality worker, wh, is $30,000. The wage for a known low-quality worker, wl, is $10,000
For what value of the share of the work force that is of high quality, s, is a pooling equilibrium possible? A) s > 0.5 B) s = 0 C) s = 0.25 D) s < 0.45
A trade deficit means that net exports are positive
a. True b. False Indicate whether the statement is true or false
What variable adjusts to balance demand and supply in the market for loanable funds?
Which of the following statements is correct?
A. For the United States, union workers earn 10 to 20 percent more than nonunion workers doing the same work. B. Most other industrialized countries have a larger union markup. C. The union markup is relatively small for unionized firms in a competitive market. D. None of these