Those who view education as a sorting mechanism emphasize that employers value
a. the skills that people who attend college have already acquired before they enter college.
b. the docility and deference to authority learned in the classroom.
c. the analytic ability of the highly educated worker.
d. the work habits picked up in the home and school.
a
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Use the following graph for a monopolistically competitive firm to answer the next question.
Marginal revenue and marginal cost intersect at point
A. a. B. b. C. c. D. d.
The change in total output obtained from using an additional unit of a variable input, holding other inputs constant is;
(a) Average Product. (b) Marginal Product. (c) Total Product. (d) Average Revenue.
In 2002, the United States placed higher tariffs on imports of steel. According to the open-economy macroeconomic model this policy should have
a. reduced imports into the United States and made U.S. net exports rise. b. reduced imports into the United States and made the net supply of dollars in the foreign exchange market shift right. c. reduced imports of steel into the United States, but reduced U.S. exports of other goods by an equal amount. d. reduced imports of steel into the United States and increased U.S. exports of other goods by an equal amount.
As a result of the Great Recession, job growth did not resume until
A. September 2008. B. March 2009. C. September 2009. D. March 2010.