Tom, the manager and owner of a small company, believes in the signaling theory of education, not the human capital theory. As such, Tom would be most likely to agree with which of the following quotes?
a. "We encourage our employees to enroll in night classes to improve their on-the-job productivity.".
b. "We encourage our employees to participate in online seminars to learn new skills.".
c. "We pay higher wages to employees who have MBAs because, on average, their job performance is better than similar employees who do not have MBAs.".
d. "When we interview prospective employees at job fairs, we are looking for college graduates because they have the determination and follow-through to finish what they start.".
d
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Suppose that the quantity of staplers demanded falls from 10,000 per week to 8500 . Use the midpoint formula to calculate the percentage change in quantity demanded
What will be an ideal response?
To maintain a price below the equilibrium price,
a. demand must increase. b. supply must increase. c. the government must set a ceiling price. d. supply must decrease.
Members of the Populist Party supported
a. government ownership of banks. b. government ownership of railroads. c. government-imposed anti-monopoly policies. d. government policies designed to encourage inflation. e. All of the above.
The narrowest definition of the money supply (M1) includes
a. cash and travelers' checks. b. cash, travelers' checks, and savings account balances. c. cash, checking account balances, and travelers' checks. d. cash, bank deposits, and money market accounts.