An employer asking for a list of references from a potential employee is an example of:
A. statistical discrimination.
B. screening.
C. building a reputation.
D. signaling.
Answer: B
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Scooters and bicycles are substitutes. Suppose that the price of a bicycle falls. Which of the figures above best illustrates how this fall in price affects the demand curve for scooters?
A) Figure A B) Figure B C) Figure C D) Figure D E) None of the above answers is correct because the change in the price of a bicycle will affect the supply curve not the demand curve.
Suppose the Canadian government's budget is G = $100 and T = $100 while the U.S. government's budget is G = $800 and T = $800 . We can conclude that
a. both budgets are balanced and the balanced budget multiplier in Canada is 1 while in the U.S. it is 0.8 b. both budgets are balanced and the balanced budget multiplier in Canada is 1 while in the U.S. it is 8 c. both budgets are balanced and in each case the balanced budget multiplier is 1 d. The Canadian budget is balanced, the U.S. budget isn't, and the balanced budget multiplier applies only to Canada e. The U.S. budget is more balanced than the Canadian, and its balanced budget multiplier is higher than the Canadian's
Tony Lai deposits $200 in currency in his checking account at a bank. This deposit is treated as:
A. a subtraction of $200 from the money supply because the $200 in currency is no longer in circulation. B. no change in the money supply because the $200 in currency has been converted to a $200 increase in checkable deposits. C. an addition of $200 to the money supply because the bank holds $200 in currency and the checking account has been increased by $200. D. an addition of $200 to the money supply because of the creation of a checkable deposit of $200.
An improvement in product quality leads to an increase in a firm's value by:
A. reducing labor cost. B. reducing inspection cost. C. reducing the cost of raw materials. D. reducing the opportunity cost of production.