Sandra has been working as a software engineer for five years and Jack has been working as a software engineer for two years. Which of the following statements is true of Sandra and Jack?

A) Sandra is likely to earn lower wages than Jack.
B) Sandra is likely to earn the same wage as Jack.
C) Sandra is likely to be more productive at work than Jack.
D) Sandra is likely to be equally productivity at work as Jack.


C

Economics

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Using the market shares in the table above, if Big W wants to buy Widgette, the Federal Trade Commission will probably

A) approve the merger because the industry is moderately concentrated and the increase in the Herfindahl-Hirschman index (HHI) is small enough. B) block the merger because the industry is moderately concentrated (HHI between 1,500 and 2,500 ) and the increase in the HHI is too much. C) approve the merger because the industry is highly concentrated (HHI exceeds 2,500 ) but the increase in the HHI is small enough. D) block the merger because the industry is highly concentrated (HHI exceeds 2,500 ) and the increase in the HHI is too much.

Economics

If a country's currency depreciates, which of the following will most likely happen?

a. Net exports will fall and aggregate demand will increase. b. Net exports will rise and aggregate demand will increase. c. Net exports will fall and aggregate demand will decrease. d. Net exports will rise and aggregate demand will decrease.

Economics

Which of the following cases can create a? free-rider problem? ?(Check all that apply.)

A. Opening a savings account in a bank. B. Use of a personal television by the owner. C. Use of public parks by locals. D. The street light on the road.

Economics

The following is the set of conditions is necessary for ________ for a perfectly competitive firm: P = SRMC = SRAC = LRAC.

A. long-run production with economic losses B. long-run equilibrium C. short-run shut down D. long-run profit

Economics