To prospective employers, an honors degree from a highly selective college is:
A. only a credible signal about a whether job applicant is intelligent and hardworking if the job requires a college degree.
B. not a credible signal about whether a job applicant is intelligent and hardworking.
C. a credible signal about whether a job applicant has had a job before.
D. a credible signal about whether a job applicant is intelligent and hardworking.
Answer: D
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What is downward wage rigidity?
What will be an ideal response?
Which of the following is TRUE about the labor force?
A) It includes those over 16 ages old and are employed. B) It includes those over 16 ages old and are unemployed. C) Both A and B are correct. D) None of the above is correct.
Suppose that a powerplant is given a permit to pollute 10 tons of carbon into the atmosphere. As the powerplant operates, it can generate $200 of profit selling electricity per ton of carbon that it sends into the atmosphere. If the price of the carbon permit is $300 per ton, then:
A. the powerplant is better off shutting down and selling its permit. B. the powerplant is better off buying more permits and selling more electricity. C. the powerplant is better off selling electricity and using the permits to pollute 10 tons of carbon. D. the powerplant is better off shutting down and buying more permits.
A bond has a face value of $10,000, a price of $12,000, and coupon payments of $2000 for two years. The current yield of this bond is
A) 10%. B) 16.7%. C) 20%. D) 30%. E) none of the above