The fact that developed countries have strong, widely attended university systems indicates that
(a) university expansion should be a development priority.
(b) universities teach skills used on the job.
(c) developing countries place too much stress on agriculture.
(d) none of the above.
D
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If Joe withdraws a $100 bill from his checking account and Jack deposits another $100 bill in his savings account, by how will M1 and M2 change?
A) M1 will decrease, but M2 will remain the same. B) M1 will increase, and M2 will increase. C) M2 will decrease by $100. D) Both M1 and M2 will remain the same. E) M1 will remain the same, and M2 will increase.
The employment rate is defined as
A) the percentage of the labor force holding employment. B) the percentage of the noninstitutional population either working currently or looking for work. C) the percentage of the noninstitutional population holding employment. D) the percentage of the population currently receiving wages or salaries. E) the percentage of the population currently working and living principally on earnings from labor.
Coke and Pepsi are substitutes if
A) the demand for Coke increases when the price of Pepsi falls. B) the demand for Coke increases when the price of Pepsi rises. C) the supply of Coke increases when the price of Pepsi falls. D) the demand for Coke and Pepsi rise and fall together.
An inefficient firm has costs that are higher than the quality of its product warrants.
a. true b. false