Which statement is true?
A. Productivity only partially explains wage differentials.
B. The reason why college graduates earn much more than high school graduates is that they have received very valuable job training in college.
C. With almost no exceptions, the more productive you are, the more you earn.
D. None of the statements are true.
A. Productivity only partially explains wage differentials.
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Using the market shares in the table above, if Widgotech buys Widgette the HHI will
A) stay the same. B) rise by 1 point. C) rise by 10 points. D) rise by 18 points.
Which of the following is true? a. Checking account deposits and time deposits constitute assets of banks
b. M2 includes M1, plus saving accounts, time deposits (except for some large-denomination certificates of deposits), and money market mutual funds. c. reserves times the required reserve ratio equals deposits. d. Money is destroyed when banks make loans.