Screening and signaling in the labor market are inefficient
A) unless college costs are relatively low.
B) unless they result in a better job match.
C) because the benefits are spread out over many firms.
D) because they raise the wage paid to all workers.
B
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According to supply-siders
a. there exists a temporary tradeoff between higher inflation and higher output growth. b. there exists a permanent tradeoff between higher inflation and higher output growth. c. there exists no tradeoff between higher inflation and higher output growth. d. there exists a temporary tradeoff between higher inflation and higher output growth during periods of low inflation only.
A patent
a. is given only to government owned companies. b. is not a legal impediment to entry. c. is a privilege granted by a state to an inventor over his invention. d. does not give the holder a monopoly during the period it is in effect.