Consider this quote from an article in the Wall Street Journal: "The stock of educated workers isn't increasing fast enough to keep up with rising demand
Employers are paying the typical four-year college graduate [without graduate school] 75% more than they pay high-school grads. Twenty-five years ago, they were paying 40% more. Employers insist on ever better-educated, skilled workers. "
Source: David Wessel, "Lack of Well-Educated Workers Has Lots of Roots, No Quick Fix," Wall Street Journal, April 19, 2007, A) The demand for high-school educated workers shifted to the left faster than the supply of college educated workers shifted to the right.
B) The supply of high-school educated workers shifted to the right faster than the demand for college educated workers shifted to the right.
C) The demand for college educated workers shifted to the right faster than the supply of college educated workers shifted to the right.
D) The demand for college educated workers shifted to the right while the supply of college educated workers shifted to the left.
C
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The majority of American workers are employed in the manufacturing sector.
Answer the following statement true (T) or false (F)
The "rule of 72" is a formula for determining the approximate number of
A. years that it would take for a value (like real GDP) to expand 72 times. B. times a value (like real GDP) is a multiple of 72. C. years that it would take for a value (like real GDP) to double. D. times one could double a certain value (like real GDP) over 72 years.
Suppose an individual firm is comparing two investments, a one year bond from a U.S. firm paying 4% or a one year bond from a German firm which is paying 6%. The current dollars-per-euro rate is 0.75, and the expected rate in one year is 0.72
If the expected rate is correct, which investment will receive the higher return? A) The U.S. Bond B) The German Bond C) They will have the same return. D) This cannot be determined from the information given.
When a foreigner buys shares in a U.S. company, the transaction
A. is registered as a debit in the capital account, and it increases private U.S. assets abroad. B. is registered as a credit in the capital account, and it decreases foreign private assets in the United States. C. is registered as a debit in the current account, and it decreases private U.S. assets abroad. D. is registered as a credit in the capital account, and it increases foreign private assets in the United States.