Which of the following can be used to help explain wage differences among different groups of workers?
a. human capital and compensating differentials
b. human capital but not compensating differentials
c. compensating differentials but not human capital
d. neither human capital nor compensating differentials
a
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Investment is the expenditure done by
A) savers. B) firms. C) the rest of the world. D) governments. E) Both answers A and B are correct.
When calculating the cost of college, which of the following should you probably not include?
a. The cost of tuition b. The cost of books required for college classes c. The income you would have earned had you not gone to college d. The cost of rent for your off-campus apartment.
In which of the following situations will total revenue increase?
a. Price elasticity of demand is 1.2, and the price of the good decreases. b. Price elasticity of demand is 0.5, and the price of the good increases. c. Price elasticity of demand is 3.0, and the price of the good decreases. d. All of the above are correct.
The United Nations' goal of reducing the global rate of extreme poverty to 15 percent by 2015 is known as the
A. Millennium Poverty Goal. B. Global Poverty Goal. C. United Nations' Poverty Goal. D. World Poverty Goal.