Many kindergarten teachers have advanced education degrees, yet they have lower average earnings than other individuals with similar education levels. A potential explanation for the differences in earnings is that kindergarten teachers
a. have more pleasant working conditions.
b. have less pleasant working conditions.
c. work longer hours.
d. must pass certification tests.
a
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An isocost line shows
A) combinations of the two inputs that result in the same profit for a firm. B) the different levels of total cost that result from various combinations of two inputs. C) combinations of two inputs that result in the same total cost for a firm. D) combinations of two inputs that result in the same total output for a firm.
Would it make sense to buy a house when mortgage rates are 14% and expected inflation is 15%? Explain your answer
What will be an ideal response?
In what year did the economy return to normal conditions following the Great Depression?
A) 1933 B) 1937 C) 1941 D) 1945
The above figure shows the market for crude oil. If a consumer group convinces the government to set a maximum price of $2 per barrel, then
A) 300 barrels of crude oil will be sold at $2. B) zero barrels of crude oil will be sold. C) zero barrels of crude oil will be demanded. D) None of the above.