Self-selection
A. increases the turnover costs of a firm.
B. increases the compensating wage differential.
C. reduces the compensating wage differential.
D. increases the number of qualified applicants for a job.
Answer: C
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What is the marginal productivity theory of income distribution?
What will be an ideal response?
A rational consumer should not consume more of a good when
a. total utility is decreasing b. marginal utility is diminishing c. one unit has already been consumed d. income is decreasing e. the price increases
The slope of a perfectly elastic demand curve is equal to zero
a. True b. False Indicate whether the statement is true or false
Assume that the expectation of declining housing prices cause households to reduce their demand for new houses and the financing that accompanies it. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the real risk-free interest rate and GDP Price Index in the context of the Three-Sector-Model?
a. The real risk-free interest rate and GDP Price Index remain the same. b. The real risk-free interest rate falls, and GDP Price Index falls. c. The real risk-free interest rate falls, and GDP Price Index stays the same. d. The real risk-free interest rate rises, and GDP Price Index falls. e. The real risk-free interest rate rises, and GDP Price Index rises.