Markets that require workers with similar human capital:
A. vie for the same workers, who can interchange one type of employment for another.
B. often have similar wages, because they employ similar workers.
C. are more connected than others.
D. All of these statements are true.
D. All of these statements are true.
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The public choice model asserts that the self-interest of policymakers is likely to cause them to take actions that are inconsistent with the preferences of voters, even where those preferences are clear
Indicate whether the statement is true or false
Assume the table shown is for a hat factory, and shows the total production of hats given various numbers of employees. Adding a third worker increases production:
A. by 60 hats.
B. by more than the second worker.
C. to 110 hats.
D. All of these are true.
Which of the following statements is valid when the market supply curve is vertical?
a. Market quantity supplied does not change when the price changes. b. Supply is perfectly elastic. c. An increase in market demand will increase the equilibrium quantity. d. An increase in market demand will not increase the equilibrium price.
Are outstanding credit card balances counted as part of the money supply?
A. Yes; they are used to purchase things, and therefore, they are included in the money supply figures. B. No; money is an asset, while the credit card balances are a liability. Thus, they are not included in the money supply figures. C. Partly; credit card balances of $100 or less are included in the M1 money supply, but the money supply figures do not include balances in excess of $100. D. Partly; credit card balances are included in the M1 money supply, but not the M2 money supply.