Wearing a suit to a job interview is an example of a:
A. positive signal.
B. negative signal.
C. positive screen.
D. negative screen.
A. positive signal.
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You are more likely to repair a leaky drainpipe yourself than hire a plumber if _____.
a. the tax rate on your earned income dramatically decreases. b. you need to purchase the specialized tools required to complete the repair work. c. you possess less knowledge and experience in plumbing repair work. d. doing the job yourself reduces the transaction costs. e. the opportunity cost of your time increases.
The above table has the marginal product schedule for a firm. If the firm is a perfect competitor and the price of the product is constant at $2 a unit, complete the table. If the wage rate is $8 an hour, how many workers does the firm hire?
What will be an ideal response?
Which of the following is true?
a. Anticipated inflation is an increase in the price level that comes as a surprise, at least to most individuals. b. Unanticipated inflation is a change in the price level that is widely expected. c. Decision makers are generally able to anticipate slow steady rates of inflation with a fairly high degree of accuracy. d. Inflation will increase the prices of goods and services that households purchase but not the wage rates of workers.
Which of the following statements about the distribution of physicians among specialties is true in the United States?
a. There are twice as many specialists as there are generalists. b. The majority of physicians specialize in general/family practice. c. The specialty distribution in the U.S. is similar to that of the rest of the world. d. There are twice as many generalists as there are specialists