Economists who attempt to explain the increasing earnings gap between skilled and unskilled workers offer two main hypotheses:
a. one hypothesis emphasizes education, and the other emphasizes compensating differentials.
b. one hypothesis emphasizes education, and the other international trade.
c. one hypothesis emphasizes international trade, and the other emphasizes technology.
d. one hypothesis emphasizes technology, and the other emphasizes compensating differentials.
c
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When a bank's excess reserves are zero:
a. its required reserves exceed its legal reserves. b. its liabilities exceed its assets. c. its liabilities must be lower than its assets. d. its required reserves equal its legal reserves. e. it cannot meet its reserve requirement.
Many economists believe the bias in the CPI is now only about half as large as it once was
a. True b. False Indicate whether the statement is true or false