The "beauty premium" can be explained by the fact that
a. marginal productivity in all occupations has a physical dimension.
b. in some occupations, physical attractiveness of workers may enhance the value of their marginal product.
c. beauty acts as an implicit signal of innate intelligence.
d. beautiful people are likely to reflect "good breeding."
b
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In a closed economy, what is the relationship between saving and investment?
A) Saving is greater than investment. B) Investment may be greater or smaller than saving. C) Investment is greater than saving. D) Investment is equal to saving.
From 1995-2007, the Irish economy ________
A) suffered from severe unemployment, famine and labor migration B) witnessed a boom in the real economy, but suffered through a collapse in asset prices C) enjoyed one of the highest growth rates in the world D) suffered through a period of prolonged deflation
As the quantity of actions taken to reduce the probability of an accident increases, the expected marginal benefit curve ________.
A) decreases B) remains constant C) increases D) becomes vertical
The existence of a monopoly:
A. creates a gain of total surplus. B. benefits the consumer. C. benefits the monopolist. D. creates more consumer surplus.