Chris just completed his college degree from a prestigious university. He did not go to school to become more productive. Rather, he went to school and completed his degree to convey his innate productivity to employers. To which theory of education does he subscribe?
signaling theory
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Imports are defined as the goods and services that we
A) partially produce in both the United States and another country. B) produce and consume in the United States. C) produce abroad using U.S. owned factories and then consume in the United States. D) buy from other countries. E) sell to other countries.
Unanticipated increase in inflation transfers wealth from the borrower, who pays the pre-decided rate of interest to the lender
Indicate whether the statement is true or false
Those in the poorest countries consume only half the calories of those in high income countries
Indicate whether the statement is true or false
Because the supply of a fixed factor is vertical,
A. the owners of the factor will accept all prices above zero. B. only the supply of the factor matters for setting price C. only the demand for the factor matters in setting the price. D. the price will be set where the quantity supplied of the factor equals the quantity demanded.