There is only a small difference in wages between college graduates and workers who did not attend college

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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The fact that 80% of the assets accumulated during a lifetime are bequeathed to heirs in the United States suggests that

A) the appropriate time horizon for consumption theory is the lifetime of the earner. B) the appropriate time horizon for consumption theory is intergenerational. C) the Barro-Ricardo equivalence theorem is correct. D) it is true that higher taxes increase savings.

Economics

Firms in a high-wage nation such as the U.S. can compete effectively with imports from low-wage nations if

a. skill levels are identical in the nations b. the U.S. reduces tariffs on imports c. low-wage nations impose tariffs on U.S. made goods d. labor productivity is higher in the low-wage nation e. labor productivity is higher in the U.S.

Economics

Which statement is true?

A. Our merchandise trade deficit and our overall trade deficit are identical. B. Our merchandise trade deficit is greater than our overall trade deficit. C. Our overall trade deficit is greater than our merchandise trade deficit. D. None of these statements are true.

Economics

When private ownership rights are well-defined and enforced, owners of physical assets and resources will have an incentive to do which of the following?

What will be an ideal response?

Economics