The skill-biased character of technological change in recent decades has tended to cause ________
A) a decrease in the demand for college-educated labor
B) a higher rate of unemployment among college-educated labor
C) a lower rate of unemployment among unskilled labor
D) an increase in demand for college-educated labor
D
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If the marginal value of a third soda is $1.50 to Jackie, then
a. Jackie would be willing to pay no more than $4.50 for three sodas. b. Jackie places a total value of less than $4.50 on three sodas. c. Jackie would pay no more than $1.50 for an additional soda when she has already consumed 2 sodas. d. Jackie would pay no more than $1.50 for any soda.
Which of the following was the single largest component of wealth in colonial America?
(a) Land (b) Stocks (c) Bonds (d) Capital
In the sequential negotiation games:
a. You can induce a change in the strategy in your opponent only if your threat is believed b. Any threat can induce a change in strategy in your opponent c. A threat that is believed is one that you will not have to carry out d. A and C
According to Paul Romer, if a country offsets diminishing returns through technological innovation, it can ______.
a. shrink its per-worker production function b. eliminate the need for physical capital investments c. convince citizens to save much of their incomes d. enjoy unimpeded economic growth