Government policies to raise the rate of productivity growth include all of the following except
A. helping build human capital by worker training programs.
B. improving forecasts of unemployment.
C. encouraging research and development.
D. improving infrastructure.
Answer: B
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The legislation that effectively prohibited banks from branching across state lines and forced all national banks to conform to the branching regulations in the state in which they reside is the
A) McFadden Act. B) National Bank Act. C) Glass-Steagall Act. D) Garn-St.Germain Act.
Applications to MBA programs rose during the economic downturn in 2008. This is best explained by:
A) The opportunity cost of attending an MBA dropped for most applicants due to poor job prospects. B) More teachers were available to teach MBA classes due to the lower opportunity cost of teaching. C) The explicit costs of attending an MBA program fell in 2008. D) The implicit costs of attending an MBA program rose in 2008.
Suppose that only 2 percent of all people are geniuses. If an IQ test indicates that Albert is a genius, but the test is only accurate 90 percent of the time, then the probability that Albert really is a genius is roughly:
A. 18 percent. B. 16 percent C. 10 percent. D. 2 percent.
There is an increase in incomes. What happens in the market for steak?
A) The equilibrium price falls, and the equilibrium quantity rises. B) The equilibrium price rises, and the equilibrium price falls. C) The equilibrium price and quantity rise. D) The equilibrium price and quantity fall.