By definition, a government-sponsored good
A) is a good that is deemed socially desirable.
B) is a good that should be available only to upper-income groups.
C) is always provided at a zero price.
D) does not affect society's general welfare.
Answer: A
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Between September 2013 and September 2014 the number of economic part-time workers decreased from 7.9 million to 7.1 million. Assuming the change resulted from economic part-time workers transitioning to full-time jobs, this change created
A) no change to the U-3 unemployment rate. B) a decrease to the U-3 unemployment rate. C) an increase to the U-3 unemployment rate. D) an increase in the employment-to-population ratio.
Which of the following is CORRECT about a time-series graph?
I. The x-axis measures time. II. A time-series graph can reveal if there is a trend in the variable. A) only I B) only II C) both I and II D) neither I nor II
The ways to address agency costs include all EXCEPT
a. advertising for employee positions in as many outlets as possible b. requiring employees to punch time clocks c. spot checks of the quality of employee work d. replacing closed offices with cubical office spaces
Which of the following statements is not correct?
a. Both the human capital theory and the signaling theory of education could explain why college graduates earn more than high school graduates. b. The signaling theory of education suggests that the ability to complete a college degree is correlated with the ability to perform well in the labor market. c. If the human capital theory of education is correct, a government policy that pays for additional schooling for all workers would not increase wages. d. If the signaling theory of education is correct, a government policy that pays for additional schooling for all workers would not increase wages.