The more education that workers have, the ________ is their human capital and the ________ is their productivity
A) larger; higher
B) larger; smaller
C) smaller; higher
D) smaller; smaller
A
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France is considering implementing policies that will reduce the duration of job search. A possible option is for France to
A) reduce unemployment benefits. B) help negotiate higher union benefits for employed workers. C) increase the minimum wage. D) require all residents between the ages of 19 and 26 to obtain a part-time or full-time job. E) Both answers A and B are correct.
Recall the Added Perspective on the prisoner's dilemma. When there is a prisoner's dilemma,
a. the prisoners stick to a joint strategy b. each prisoner's best strategy is not to confess c. the prisoners must make a once-and-for-all decision d. game theory does not apply e. there is no mutual interdependence
The difference between zero accounting profit and zero economic profit is that
a. economists include opportunity cost in zero economic profit, while accountants do not include opportunity cost in zero accounting profit. b. economists do not include opportunity cost in zero economic profit, while accountants do include opportunity cost in zero accounting profit. c. economists include opportunity cost in zero accounting profit, while accountants do not include opportunity cost in zero economic profit. d. economists do not include opportunity cost in zero accounting profit, while accountants do include opportunity cost in zero economic profit.
Splitting up a monopoly is often justified on the grounds that
a. consumers prefer dealing with small firms. b. small firms have lower costs. c. competition is inherently efficient. d. small firms produce higher quality products.