If one job applicant truthfully reveals that they subscribe to an industry publication, the job applicant is
A) using the trade publication as a screening tool.
B) using the trade publication as a signaling tool.
C) using the trade publication as a form of statistical discrimination.
D) using the trade publication for the wrong reasons.
B
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An efficiency wage is designed to
A) keep the minimum wage from falling. B) keep the minimum wage from rising. C) to induce more employment. D) decrease the need for workers to search for jobs. E) induce more work effort.
Which of the following is not an argument in favor of export promotion over import substitution?
(a) international competition compels domestic producers to become more efficient. (b) exposure to world markets provides greater opportunities to learn new technologies. (c) producing for export permits greater specialization and economies of scale. (d) outward-looking development promotes larger firms.
The production possibilities frontier illustrates
a. the combinations of goods that could be produced with resources and technology constant b. how technology influences opportunity costs c. the law of diminishing returns d. how price changes affect decision making of individuals e. the law of demand
The mortgage default rate is
a. the percentage of home mortgage loans in which the borrower has failed to make the current monthly payment. b. equal to the foreclosure rate. c. the percentage of home mortgages in which the borrower is 90 days or more late with the payment or it is in the foreclosure process. d. the percentage of home mortgages in which the borrower owes more than the home is worth.