Based on the table showing unemployment rates and earnings by educational attainment, which group has the highest earnings level?
a. people with a doctoral degree
b. people with a professional degree
c. people with an associate’s degree
d. people with a high school diploma
b. people with a professional degree
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Bankers' business decisions effect the money supply because bankers
a. are respected men and women. b. have the ability to create money. c. use a special accounting system developed by the Federal Reserve Board. d. All of the above are correct.
Which of the following is inconsistent with monopoly?
a. a single seller b. economies of scale c. free entry and exit d. selling in the elastic portion of the demand curve in order to maximize profits
Governments are most effective at providing pure private goods
Indicate whether the statement is true or false
In the circular flow model, households provide all of the following resources to firms except
a. labor b. money c. capital d. entrepreneurship e. land