Jake and Harry each have 130 hours of college credit from Impressive University. Each has 30 hours of economics. Jake has a bachelor's degree, while Harry is 3 credits short of required physical education classes and therefore does not have a degree. Each of them has one year of experience as a market analyst for ABC Company. Assuming that the physical education class would not enhance Harry's
job performance, if Jake earns a higher salary than Harry, the ABC Company may subscribe to the
a. human capital theory.
b. discrimination theory.
c. compensating differential theory.
d. signaling theory.
d
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In the above, which figure(s) show(s) a relationship between the variables that is always negative?
A) Figure A only B) Figure D only C) Figures A and C D) Figures A, C, and D E) Figure B only
Differences in interest rates for different type of loans are due to:
A. the length of time the borrower has to repay the loan. B. the amount of the loan. C. government policy. D. exchange rate
The U.S. experience with expansionary measures from 1930 to 1945
a. repudiated the pump-priming theory. b. verified the pump-priming theory. c. repudiated the multiplier theory. d. repudiated the deficit-spending theory.
One trait a central bank has over other businesses including banks is that it:
A. receives all of its funding from the government. B. doesn't have stockholders. C. doesn't have a board of directors. D. can control the size of its balance sheet.