The minor league system in professional baseball can be thought of as
A) a screening tool.
B) a signaling tool.
C) a form of statistical discrimination.
D) being used for the wrong reasons.
B
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Which statement is true?
A. American industry is very competitive. B. There is no competition in American industry. C. In order to have competition you need to have many firms in an industry. D. The electrical and natural gas industries are good examples of competition at work.
The difference between "saving" and "savings" is that
A) saving is done by households and savings by businesses. B) saving is undertaken as a precaution against unemployment and savings are undertaken to increase investment spending. C) savings are the result of past and current saving. D) saving is placed in financial institutions such as banks, while savings are kept at home by people.
Social Security is a pure transfer program because
A) it transfers funds from current workers to the poor. B) the government transfers funds from middle-income workers to welfare recipients. C) current payroll taxes are used to pay the eligible retirees. D) the government subsidizes the medical bill of the poor.
Under adaptive expectations theory, people persistently:
a. underestimate inflation when it is slowing down. b. overestimate inflation when it is accelerating. c. underestimate inflation when it is accelerating. d. adapt to the prevailing inflation rate.