Education leads to external benefits because
A) the people who become better educated get better jobs.
B) better educated people commit fewer crimes.
C) better educated people are less lazy.
D) little pollution is created when educating people.
E) better educated people are more productive.
B
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Which of the following activities exposes others to risk?
A) driving B) smoking C) playing golf D) all of the above
The wage of a known high-quality worker, wh, is $10,000. The wage for a known low-quality worker, wl, is $4,000. The share of the work force that is of high quality, s, is 0.5
For what value of the cost, c, of a college education that serves only as a signal of a high-quality worker does a pooling equilibrium exist? A) c > $3,000 B) c < $3,000 C) c < $1,000 D) c = $2,500
A decrease in a broad index of commodity prices suggests to the Fed that
a. money is plentiful, and the Fed should conduct restrictive policy. b. money is plentiful, and the Fed should conduct expansionary policy. c. deflation is a potential future danger, and the Fed should conduct expansionary policy. d. future prices will likely increase, and the Fed should conduct expansionary policy.
The country that did NOT opt out of the currency union is:
A) United Kingdom. B) Sweden. C) Denmark. D) Italy.