In the Spence education signaling model, what is the social value of education?
a. Employees improve their ability to perform on the job.
b. Employers can use education as a screen to match talented employees with high-skill jobs.
c. Employers can save the costs of on-the-job training, which is less efficient than a general education.
d. It allows low-ability employees to apply for high-salary jobs.
b
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There is no possibility of further widening of the European Union
Indicate whether the statement is true or false
Which statement is true?
A. Frederic Bastiat's "Petition of the Candlemakers to Shut Out the Sun" was a plea for free trade. B. Frederic Bastiat's "Petition of the Candlemakers to Shut Out the Sun" was a plea for protection. C. Dollars are used for all international transactions. D. None of these statements are true.
The Clayton Act prohibits “all contracts, combinations and conspiracies in restraint of trade.”
Answer the following statement true (T) or false (F)
What is moral hazard?
A. Using prices to ration goods and services B. Using waiting times to ration goods and services C. The effect of higher incomes on the demand for care D. The incentive, as a result of having insurance, to use additional care