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

Economics

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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

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Governments are most effective at providing pure private goods

Indicate whether the statement is true or false

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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

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