If most people found the lifestyle of an assembly-line worker less desirable relative to that of persons in other professions, one would expect the return on the human capital investment of
a. assembly-line workers to be higher than that of persons in other professions.
b. assembly-line workers to be lower than that of persons in other professions.
c. assembly-line workers and that of persons in other professions to be nonetheless equal.
d. both assembly-line workers and persons in other professions to be unaffected by the subjective preferences of investors.
A
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The currencies of Poland and Iceland (the zloty and the krona, respectively) declined in value relative to the euro following the financial crisis of 2008. This means that the
A) zloty and krona appreciated in value against the euro. B) euro depreciated in value against the zloty and the krona. C) zloty and krona depreciated in value against the euro. D) zloty depreciated in value against the krona. E) Both A and B are correct.
When you buy at a low price in one market then sell at a higher price in another market you are engaging in
A) arbitrage. B) price discrimination. C) odd pricing. D) an antitrust prohibited practice.