The wage premium in the United States for college graduates over high school graduates has remained constant from 1978 to 2000
a. True
b. False
Indicate whether the statement is true or false
False
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The Malthusian model emphasizes fixity in which of the following factors of production?
A) labor B) land C) energy D) none of the above
Suppose Tyler values a basketball at $20 . Jacqui values a basketball at $16 . The pre-tax price of a basketball $15 . The government imposes a tax of $2 on each basketball, and the price rises to $17 . The deadweight loss from the tax is
a. $1. b. $2. c. $3. d. $6.
In a country with a working-age population of 30 million, 18 million are employed, 2 million are unemployed, and 2 million of the employed are working part-time, half of whom wish to work full-time. The involuntary part-time rate is
A) 4.5 percent. B) 10 percent. C) 4.8 percent. D) 5 percent. E) none of the above.
People will buy more if the price level
a. rises because rising prices increase the real value of a dollar. b. rises because rising prices decrease the real value of a dollar. c. falls because falling prices increase the real value of a dollar. d. falls because falling prices decrease the real value of a dollar.