Even if college imparted no additional knowledge to its graduates, they are likely to earn more because _____
a. firms like to say they only hire college graduates
b. of the connections that one makes in college
c. a college degree sends a signal of innate ability to employers
d. their parents help them get a job
c
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The official unemployment rate is:
a. the number of unemployed people divided by the number of employed people. b. the number of unemployed people divided by the total size of the population. c. the number of unemployed people divided by the size of the non-institutionalized population. d. the number of unemployed people divided by the size of the labor force. e. the number of unemployed people divided by the number of people aged 16 or under.
Carmelita can perform either a combination of 35 manicures and 70 pedicures or a combination of 50 manicures and 45 pedicures. If she now performs 35 manicures and 70 pedicures, what is the opportunity cost of performing an additional 15 manicures?
A) 5 pedicures B) 20 pedicures C) 25 pedicures D) 45 pedicures