Which of the following statements is not correct?
a. If the signaling theory of education is correct, additional schooling does not affect worker productivity but rather signals a correlation between natural ability and education.
b. The theory of efficiency wages suggests that firms pay higher wages to workers in order to induce workers to be more productive.
c. Discrimination against workers of a certain race or ethnicity is often in conflict with a firm's desire to maximize profits.
d. The theory of compensating wage differentials reflects the different skills, abilities, and productivity of workers.
d
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Which of the following is TRUE of the relationship between U.S. trade deficits and federal government budget deficits?
A) Increases in the budget deficit are always associated with reductions in the trade deficit. B) Increases in the budget deficit are always associated with increases in the trade deficit. C) Increases in the budget deficit tend to be associated with increases in the trade deficit. D) Increases in the budget deficit tend to be associated with reductions in the trade deficit.
Because it does not face competition from other firms, a monopolist is guaranteed to make excess profits over time
Indicate whether the statement is true or false
The minor league system in professional baseball can be thought of as a
A) screening tool. B) signaling tool. C) form of statistical discrimination. D) being used for the wrong reasons.
What country is the world's largest exporter of services?
(A) Germany (B) United States (C) Great Britain (D) Japan