Refer to the information provided in Figure 3.11 below to answer the following question(s).
Figure 3.11Refer to Figure 3.11. An increase in supply is represented by the movement from
A. S2 to S1.
B. Point B to Point A along supply curve S2.
C. S2 to S3.
D. Point B to Point C along supply curve S2.
Answer: C
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Good news about an economic indicator __________ the denominator and __________ the numerator in the stock price valuation formula
A) raises; raises B) raises; lowers C) lowers; raises D) lowers; lowers
A specific tax imposed on a monopolist may increase the price by more than the tax
Indicate whether the statement is true or false
When the actual reserves held by a bank exceed the legal requirement, the bank
a. will have to borrow from the Fed. b. has excess reserves, which can be used to extend additional loans. c. cannot extend additional loans. d. will have to reduce its outstanding loans.
Consider the following statements about the signaling hypothesis of education:
A. The signaling hypothesis of education is based on the idea that college graduates are more productive than non-college graduates. B. The signaling hypothesis of education suggests that firms rely on human capital requirements to ensure worker quality. C. Employers rely on certain signals, such as a college diploma to gauge a potential employee's abilities because it could lower the cost of acquiring information about the person that is not easily observed. Which of the statements above is true about the signaling hypothesis of education?