Recall the Economics in Practice on p. 371: According to a study discussed in the Economics in Practice, ________ matters in terms of an individual's future earnings.

A. teacher quality
B. the gender of teachers
C. the age of teachers
D. class size


Answer: A

Economics

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An outside lag is

A) a policy aimed at increasing GDP. B) a policy aimed at reducing GDP. C) a lag in implementing policy. D) the period of time it takes for policies to work.

Economics

If a competitive firm maximizes short-run profits by producing some quantity of output, which of the following must be TRUE at that level of output?

A) p = MC B) MR = MC C) p ? AVC D) All of the above

Economics

Aggregate demand is the sum of

a. C + I + G + (X ? IM). b. C + I + X. c. C + I + X ? IM. d. C + I + G.

Economics

Unions often have the power to push wages above competitive levels.

Answer the following statement true (T) or false (F)

Economics