In the United States, the wage premium for college education has been
a. decreasing since 1980.
b. increasing since 1980.
c. higher for males.
d. decreasing since 1990.
b
Economics
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Money as a medium of exchange
I. Facilitates the exchange of goods II. Reduces the incentive to barter A) I only B) II only C) Both I and II D) Neither I nor II
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Define equilibrium as it relates to markets. Describe the process by which a market reaches a new equilibrium. Include an appropriate diagram.
What will be an ideal response?
Economics
Say's law will prevent recessions only if a critical assumption of the classical model holds: That the interest rate adjusts until saving is equal to business and government borrowing
a. True b. False
Economics
Imports are included in gdp
a. true b. false
Economics