In 1910, 8.6 percent of American 17-year olds were high school graduates. By 1938, this figure _____
a. had fallen to 5 percent.
b. equaled 15 percent.
c. had risen to nearly 50 percent.
d. had not changed appreciably.
c. had risen to nearly 50 percent.
Economics
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Refer to the below graph. If this labor market were operating under a monopsony, the equilibrium wage rate would be:
A. W1 and Q1 workers would be hired
B. W2 and Q2 workers would be hired
C. W2 and Q1 workers would be hired
D. W3 and Q1 workers would be hired
Economics
Economic time series are outcomes of random variables.
Answer the following statement true (T) or false (F)
Economics