Compared to the typical high-school graduate, the typical college graduate has greater human capital and thus more options for both low-skill and high-skill jobs. This is called:
A. the signaling effect of a college education.
B. the learning effect of a college education.
C. the discriminatory effect of a college education.
D. All of these
Answer: B
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Which one of the following is a way to get out of a repeated Prisoner's Dilemma Nash Equilibrium?
a. Make sure that your competitor clearly understands your actions and intentions b. Make sure that your competitor keeps guessing about your actions and intentions c. Make sure you keep your actions and intentions ambiguous d. All of the above
Suppose that the country of Aquilonia has an inflation rate of about 2 percent per year and a real growth rate of about 3 percent per year. Suppose also that it has nominal GDP of about 400 billion units of currency and current nominal national debt of 200 billion units of domestic currency. Which of the following government spending and taxation figures will keep the debt to-income ratio
constant? a. government spending equal to 30 billion units and tax collections equal to 25 billion units b. government spending equal to 30 billion units and tax collections equal to 20 billion units c. government spending equal to 30 billion units and tax collections equal to 10 billion units d. government spending equal to 30 billion units and tax collections equal to 5 billion units
Supply-siders feel that high levels of government spending:
A. assist private sector investing by creating infrastructure. B. have no impact on private sector investment. C. complement private spending. D. cause private sector investment to decline because of crowding out.
Refer to the information provided in Figure 32.1 below to answer the question(s) that follow.
Figure 32.1Refer to Figure 32.1. The tax rate that will maximize tax revenue is associated with point
A. A. B. B. C. C. D. D.