Compared to the present value of a high school education, the present value of at least a college education is
a. 100 times as great
b. nearly double
c. the same
d. about half
e. Present value cannot be used to analyze education
B
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Consider the following game in which two firms decide how much of a homogeneous good to produce
The annual profit payoffs for each firm are stated in the cell of the game matrix, and Firm A's payoffs appear first in the payoff pairs: Firm B - low output Firm B - high output Firm A - low output 300, 250 200, 100 Firm A - high output 200, 75 75, 50 What are the dominant strategies in this game? A) Both firms produce low levels of output B) Both firms produce high levels of output C) Firm A's dominant strategy is to produce low levels of output, but Firm B does not have a dominant strategy. D) Firm B's dominant strategy is to produce low levels of output, but Firm A does not have a dominant strategy. E) Neither firm has a dominant strategy
According to Keynes, the primary cause of large-scale unemployment is inadequate _____.
Fill in the blank(s) with the appropriate word(s).
Neutralizing demand shocks is easier in theory than in practice. Why?
What will be an ideal response?
A kingdom where only the king earns all income would have a Gini ratio of:
A. 100 B. 0 C. 1 D. 2