When trying out for the football team, the coach may have candidates run a lap around the track. This is an example of:

A. signaling.
B. training.
C. strength building.
D. screening.


Answer: D

Economics

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Refer to Figure 10-2. Which of the following is consistent with the graph depicted above?

A) New government regulations decrease the profitability of new investment. B) The government runs a budget surplus. C) An expected expansion increases the profitability of new investment. D) There is a shift from an income tax to a consumption tax.

Economics

In which of these years was there very high inflation and a recession?

A. 1937 B. 1980 C. 1990 D. 2001

Economics

If the marginal utility of the 3rd cup of coffee is 23 and the marginal utility of the 4th cup is 15, then:

A. it is optimal for the consumer to have 4 cups of coffee. B. it is optimal for the consumer to have 3 cups of coffee. C. the price of a cup of coffee must be relatively low. D. there is evidence of diminishing marginal utility.

Economics

If demand for a good is elastic, then the price elasticity will be:

A. equal to one. B. equal to zero. C. greater than one. D. less than one.

Economics