Workforce quality arguments are very difficult to prove for the period of 1970 to 1990 because during that period SAT scores
a. and graduation rates increased.
b. increased and graduation rates decreased.
c. and school attendance rates decreased.
d. decreased and school attendance rates increased.
d
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The figure above shows the costs for a grower in the perfectly competitive turnip market. If the price is $1,000 for a ton of turnips, the firm is
A) making an economic profit. B) making zero economic profit. C) incurring an economic loss. D) More information is needed to determine if the firm is making a positive economic profit, zero economic profit, or incurring an economic loss.
Everything else held constant, if the federal government were to guarantee today that it will pay creditors if a corporation goes bankrupt in the future, the interest rate on corporate bonds will ________ and the interest rate on Treasury securities
will ________. A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
If there is an excess supply of bonds at a given price of bonds, then
A) the interest rate will fall. B) the interest rate will rise. C) the price of bonds will fall. D) the interest rate may rise or the interest rate may fall depending upon the reasons for the excess demand for bonds.
Inflation:
a. reduces the cost-of-living of the typical worker. b. is measured by changes in the cost of a typical market basket of goods between time periods. c. causes the purchasing power of a dollar to rise. d. has no effect on real income.