If the government provides universal health insurance, what screening process will the government need?
A) It won't need a screening test.
B) It will only give health insurance to non-smokers.
C) It won't use screening tests but it will use statistical discrimination.
D) It won't use screening tests but it will use signals.
A
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Lydia runs a small nail salon in the town of New Hope. She is debating whether she should extend her hours of operation. Lydia figures that her sales revenue will depend on the number of hours the nail salon is open as shown in the table above. She would have to hire a worker for those hours at a wage rate of $10 per hour.
What is Lydia's marginal benefit if she decides to stay open for two hours instead of one hour?
a. $125
b. $75
c. $25
d. $50
When the "real" GDP falls, the rate of unemployment generally
A) equals the natural rate. B) decreases. C) increases. D) stays constant.
Adriana wants to try working as an independent contractor this summer. She has a 50 percent chance that she will make $9,000 and 50 percent chance that she will make nothing. What's Adriana's expected income?
A) $4,000 B) $4,500 C) $2,000 D) $3,000
If people are willing this year to buy more of a particular good at each and every price than they were willing to buy last year, the
What will be an ideal response?