Robert Lucas, a Nobel laureate in economics, argues that there are ________ returns to human capital
A) negative B) decreasing C) constant D) increasing
D
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As technology advancements have led to more white collar jobs,
A) the labor force participation rate for women has increased over the last 50 years. B) the labor force participation rate for women has decreased since 1960. C) the labor force participation rate for men and women have increased. D) a higher percentage of men of working age have entered the labor force. E) the unemployment rate has steadily fallen.
Wage discrimination means minority workers are paid unequal wages
a. True b. False Indicate whether the statement is true or false
If President Obama agrees with his economic advisers who advocate cutting the rate of unemployment to 3 percent and the rate of inflation to 2 percent, you know he
a. believes the Phillips curve represents his only options b. believes in the rational expectations theory c. is a Keynesian d. is a neo-Keynesian e. believes the Laffer curve has validity
Information about the quality of a product is
A. both beneficial to have and costly to obtain, and therefore subject to economic principles. B. impossible to objectively assess, and therefore not subject to economic principles. C. intangible, and therefore not subject to economic principles. D. subject to economic principles only when it is paid for, for example by subscribing to Consumer Reports or by hiring a financial advisor.