According to proponents of the signaling theory of education,
a. schooling has no real productivity benefit.
b. no one person finds it easier to earn a college degree than does any other person.
c. the human-capital view of education is entirely correct.
d. employers send signals to young people to persuade them to expend whatever effort is necessary to earn college degrees.
a
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Between August 2007 and July 2008, Brazil exported more than 3.5 billion pounds of coffee to the rest of the world. Suppose the Brazilian government subsidizes the export of coffee by $0.42 per pound
Which of the following would be an outcome of this subsidy? A) Brazilian producers experience an increase in producer surplus. B) Brazilian consumers experience an increase in consumer surplus. C) Producers from the rest of the world experience a gain in producer surplus. D) Brazilian coffee exports would decrease.
Which of the following contributed to the weak recovery from the 2008-2009 recession?
a. constant policy changes that generated uncertainty and undermined private investment b. the restrictive monetary policy followed by the Fed c. the tax increases instituted by a Congress intent on balancing the budget d. the inability of the federal government to borrow because of the sharply higher interest rates
If the economy is at full employment and war breaks out, we would move from
A. W to X.
B. X to W.
C. X to Y.
D. Y to X.
In order to ________, a government must decrease spending and increase taxation.
A. increase aggregate demand B. decrease aggregate demand C. increase aggregate supply D. decrease aggregate supply