All other things being equal, wages will be higher when
a. employers provide less capital for their workers to use.
b. workers choose not to obtain signals like education.
c. workers possess less human capital.
d. the job has unpleasant or risky aspects.
d. the job has unpleasant or risky aspects.
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The tendency for people to enter into agreements in which they can use their private information to their own advantage and to the disadvantage of the less informed party is known as
A) adverse selection B) moral hazard. C) the market for oranges. D) a signal.
Using the "rule of 2," which of the following variables can be deemed statistically significant?
A) PA B) PB C) I D) All of the above E) None of the above
Country A's overall balance in the balance of payments equals the:
a. Current account minus the capital account. b. Reserves account minus the current account. c. Reserves account plus the financial account plus the current account. d. Reserves account plus the financial/capital account. e. Zero when central banks do not intervene in the foreign exchange market.
Which of the following is not correct?
a. Poverty is correlated with race. b. Poverty is correlated with age. c. Poverty is correlated with family composition. d. All of the above are correct.