Which of the following statements is not true?
A. There is a wage premium for investing in high levels of education.
B. The wage premium of men and women college graduates has been increasing over time.
C. Better-educated individuals are more productive.
D. Public policy initiatives that support on-the-job training have been met with mixed results.
Answer: B
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The AS curve shifts leftward if
A) good weather increases agricultural harvests. B) OPEC reduces world oil prices. C) tax cuts stimulate labor supply. D) the money wage rate increases. E) government expenditure increases.
To hedge the interest rate risk on $4 million of Treasury bonds with $100,000 futures contracts, you would need to purchase
A) 4 contracts. B) 20 contracts. C) 25 contracts. D) 40 contracts.
Economic stagnation coupled with high inflation is commonly called:
A. stagflation. B. inflagnation. C. stagnatory growth. D. inflationary stagnation.
The price of one good produced by a multiproduct industry rises. For another good produced by that industry
a. the supply curve will shift to the left. b. the supply curve will remain constant. c. the supply curve will shift to the right. d. the demand curve will shift to the right.