The signaling theory of education maintains that workers who complete specific levels of education signal their high productivity to potential employers
a. True
b. False
Indicate whether the statement is true or false
True
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According to Paul Krugman, during the past decade Japan's macroeconomic policy should have incorporated which of the following?
A) stimulatory monetary policy B) stimulatory fiscal policy C) monetization of the debt by the central bank D) All of the above
A firm that practices group price discrimination will set the lower price in the market that has the most elastic demand
Indicate whether the statement is true or false
The lower the price of medical care in general, the higher the ____________________________ medical care and the ______________________ specific items that make up medical care (such as x-rays). The result will be a _______________ price for the specific items that make up medical care
A) quantity demanded of; higher the demand for; higher B) demand for; higher the demand for; higher C) quantity demanded of; lower the demand for; lower D) demand for; higher the quantity demanded of; higher
Consider a country that has an official settlements balance surplus and is experiencing upward pressure on the exchange-rate value of its currency. Which of the following will NOT be true in this context?
A. For the regular bank that is involved in the intervention transaction, the central bank decreases the bank's deposits at the central bank. B. The central bank of this country must intervene to buy foreign currency and sell domestic currency. C. Its balance sheet will show an increase in official international reserve holdings. D. Its balance sheet will show an increase in its liabilities.