Conspicuous consumption is an effective signal of ability if high-ability people:
A. save most of what they earn.
B. tend to have low-paying but prestigious jobs.
C. are famous.
D. tend to receive the highest salaries.
Answer: D
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Refer to the scenario above. Which of the following is likely to happen if Mike confesses while Rita does not confess?
A) Both of them will be let free. B) Mike will be let free while Rita will be suspended. C) 10 points will be deducted from their respective scores. D) 10 points will be deducted from Rita's score while Mike will be suspended.
Distinguish between a closed shop and a union shop. Are either or both shops legal? Explain
What will be an ideal response?
If the reserve ratio is 5 percent, then the money multiplier is approximated to be:
A. 20. B. 5. C. 10. D. 2
Rising prices will discourage consumption and encourage conservation
a. True b. False Indicate whether the statement is true or false