The cost, c, of a college education that serves only as a signal of a high-quality worker is $10,000. The wage of a known high-quality worker, wh, is $30,000. The wage for a known low-quality worker, wl, is $10,000
For what value of the share of the work force that is of high quality, s, is a pooling equilibrium possible? A) s > 0.5
B) s = 0
C) s = 0.25
D) s < 0.45
A
Economics
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Refer to Figure 5-1. The efficient equilibrium quantity is ________ thousand vaccinations
A) 200 B) 400 C) 600 D) > 600
Economics
_____ believe that the primary causes of the Depression were autonomous declines in aggregate demand initiated by shocks to the IS curve
a. Monetarists. b. classical economists. c. early and late Keynesians. d. early Keynesians only.
Economics