Growing technology has provided increased opportunities for higher-skilled workers
Indicate whether the statement is true or false
TRUE
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Entrepreneurship refers to:
A.) Natural resources, such as land and water. B.) Computer technology. C.) Skilled labor. D.) Ability to see market opportunities and the will to take risk
Economic theory provides a basis for which variables are relevant and should be included in an econometric model. But econometrics provides tools to estimate ____ which tells us ____.
a. a model; the functional form that should be used b. causality; why it happens that way c. a parameter; how much or to what degree things change d. variables; the probability of a specific outcome
Examples of spillover benefits associated with a college education include:
A. no external benefits. B. workplace externalities only. C. civic externalities only. D. both workplace and civic externalities.
If there is an increase in the percentage of employees whose wages adjust automatically with changes in the price level, the aggregate supply curve will become
A. vertical. B. steeper. C. flatter. D. horizontal.