If an employer cannot distinguish the ability of workers a separating equilibrium will result
Indicate whether the statement is true or false
False. When an employer cannot distinguish the abilities of the workers, the employer will pay all workers an average wage. This is a pooling equilibrium.
Economics
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The Gramm-Leach-Bliley Act of 1999
A) allowed the creating of financial holding companies. B) set conditions under which an FHC can set up a merchant bank. C) brings the U.S. closer to the universal banking model. D) does all of the above.
Economics
Short-run average cost exceeds long-run average cost only when there are economies of scale
Indicate whether the statement is true or false
Economics