Imogene needs to hire a skilled worker to do some very difficult analysis work for her company. When she interviews, she talks only to individuals who have a graduate degree. What is the purpose of Imogene’s use of the education signal?
a. to lower her costs in finding a worker
b. to allow any interested party to know about the job
c. to let people know she is highly educated
d. to prevent the lemon problem from discouraging applicants
a. to lower her costs in finding a worker
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Tom is an organic gardener. For several years, he produced only for his own consumption, but this year he has sold his vegetables at a farmer's market. The vegetables Tom produces a. are not included in GDP, not for this year nor for previous years
b. are included in GDP for this year, but prior to this year the value of his vegetables was not included in GDP. c. would be included in GDP only if the vegetables were registered with the Department of Agriculture. d. are not part of GDP, since vegetables are not a good included in GDP.
A country's production possibilities boundary shows that
A) when a society combines its resources inefficiently, it cannot produce more of one good without producing less of the other good. B) the supply for goods always exceeds the demand. C) all points inside the boundary are preferred to all points on the boundary. D) when a society combines its resources efficiently, it is always possible to produce more of all goods. E) when a society combines its resources efficiently, it cannot produce more of one good without producing less of the other good.
Milly Miser removes $250,000 from her mattress and opens a checking account. This single transaction immediately increases the money supply by
A. $250,000. B. $50,000. C. $0. D. ?$250,000.
Use the information provided in Table 7.1 below to answer the question(s) that follow.
Table 7.1Inputs Required to Produce a Product Using Alternative Technologies 
Refer to Table 7.1. If the hourly wage rate is $7 and the hourly price of capital is $10, which production technology should be selected?
A. A B. B C. C D. D