Cherry picking is the act of
A. admitting the most expensive students, leaving the less expensive ones to public schools.
B. employing highly educated teachers, leaving the less educated ones to public schools.
C. employing highly experienced teachers, leaving the less experienced ones to public schools.
D. admitting students who are easy to educate, leaving the harder ones to public schools.
Answer: D
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In a figure that shows a supply curve and a demand curve, producer surplus is the area
A) below the demand curve and above the market price. B) below the supply curve and above the market price. C) above the demand curve and below the market price. D) above the supply curve and below the market price. E) between the demand curve and the supply curve.
Jewelry workers and maintenance workers both get paid $4 an hour. Their supply curves are identical. The demand curve for jewelry workers is more elastic than the demand curve for maintenance workers. An increase in the minimum wage to $5.25 an hour will create
a. greater unemployment among jewelry workers than maintenance workers b. greater unemployment among maintenance workers than jewelry workers c. a shortage of jobs among maintenance workers d. a shortage of jobs among jewelry workers e. a wage differential between the two sets of workers
As of the year 2000, services accounted for what percentage of total U.S. output?
A. 50 percent. B. 90 percent. C. 80 percent. D. 25 percent.
A 10-year Treasury note as a face value of $1,000, price of $1,200, and a 7.5% coupon rate. Based on this information, we know the:
A. coupon payment on this bond is equal to $90. B. current yield is equal to 8.33%. C. present value is greater than its price. D. coupon payment on this bond is equal to $75.