Job market signals like dressing well for interviews are not especially effective because:
A) the cost of dressing well is about the same for high-quality and low-quality workers.
B) many businesses have adopted casual office attire, so dressing well is not important to the firm.
C) federal labor laws prohibit firms from using dress or appearance as an employment criterion.
D) none of the above
A
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When inflation is high and unexpected,
A) borrowers of money lose and lenders win. B) borrowers of money win and lenders lose. C) both borrowers and lenders of money win. D) both borrowers and lenders of money lose.
If the value of the price elasticity of demand is 0.2, this means that:
a. a 20 percent decrease in price causes a 1 percent increase in quantity demanded. b. a 0.2 percent decrease in price causes a 1 percent increase in quantity demanded. c. a 5 percent decrease in price causes a 1 percent increase in quantity demanded. d. a 0.2 percent decrease in price causes a 0.2 percent increase in quantity demanded. e. a 100 percent decrease in price causes a 200 percent increase in quantity demanded.