Job candidates during a job search will seek to provide employers with ______ but avoid providing _____:
A. positive signals; negative signals.
B. as much information as possible; private information.
C. negative signals; positive signals.
D. truthful information; false information.
A. positive signals; negative signals.
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The expenditure multiplier explains how a change in
A) real GDP leads to a change in autonomous expenditure. B) autonomous expenditure leads to a change in real GDP. C) real GDP leads to a change in induced expenditure. D) induced expenditure leads to a change in autonomous expenditure. E) induced expenditure leads to a change in real GDP.
Suppose a firm's technology is represented by the Cobb-Douglas production function F(L, K) = 5LK. The wage rate is $50 and the rental rate of capital is $10. What is the least-cost combination to produce 100 units of output?
What will be an ideal response?
The size distribution of income
A. Tells how personal income is divided up among households or income classes. B. Reflects the distribution of financial assets. C. Focuses on the distribution of income to different factors of production. D. Is the same thing as the functional distribution of income.
In cost-benefit analysis, the government should intervene in environmental affairs as long as
A. The government corrects market failures despite government failure. B. The value of government failure exceeds the value of market failure. C. The government corrects market failures without government cost. D. The improvement in the environment exceeds the costs.