Because education is less costly to obtain for highly productive individuals who are also likely to be highly productive in the work place, education ________ in the job market.
A. is a weak market signal
B. is a strong market signal
C. is the only market signal
D. does not work as a market signal
Answer: B
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When increased government spending results in decreased consumer or business spending, the government spending is said to be crowding out the consumer and business spending
Indicate whether the statement is true or false
In 2000, many economists believed that the most serious macroeconomic problem confronting the U.S. economy was an inflationary gap. Which policies would be effective in dealing with this problem?
A. Increase transfer payments. B. Increase government purchases. C. Decrease personal income taxes. D. Increase personal income taxes.
Supply is said to be inelastic when the:
A. percentage change in quantity supplied is greater than the percentage change in price. B. change in quantity supplied is greater than the change in price. C. percentage change in quantity supplied is less than the percentage change in price. D. change in quantity supplied is less than the change in price.
Refer to the normal-form game of price competition shown below.Firm AFirm B??CD?A50,50500-x,200?B100,500-x50,50For what values of x is strategy D strictly dominant for firm B?
A. x = 450 B. All x > 450 C. All x < 450 D. x < 50