A signal works best if
a. it is acquired with equal ease by all workers
b. it is not acquired with equal ease by all workers
c. it is not understood by the employer
d. it is not understood by the employee
e. wages are allowed to vary
B
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Governments should promote education because education contributes to the nation's
A) free markets. B) international trade. C) economic growth potential. D) employment. E) protection of property rights.
Assume the table shown is for a hat factory, and shows the total production of hats given various numbers of employees. Diminishing marginal product sets in with the:
A. fourth worker.
B. third worker.
C. fifth worker.
D. second worker.
A rise in confidence is associated with higher consumption and investment demand, and leads to:
a. a downward shift in the AD curve. b. an inward shift in the AD curve. c. an outward shift in the AD curve. d. an upward shift in the AD curve.
In 2000 . many economists believed that the most serious macroeconomic problem confronting the U.S. economy was an inflationary gap. Which policies would be effective in dealing with this problem?
a. Increase transfer payments. b. Increase government purchases. c. Decrease personal income taxes. d. Increase personal income taxes.