Firms in monopolistic competition have demand curves that are

Which of the following examples best describes the signaling theory of education?

a. The hiring manager offers a job to a recent college graduate because she is more beautiful than the rest of the applicants. b. The hiring manager offers a job to a recent college graduate because she is expected to be more productive than other applicants due to her educational attainment. c. The hiring manager offers a job to a recent college graduate because the hiring manager has a bias toward people with college degrees. d. The hiring manager offers a job to a recent college graduate because education is correlated with natural ability.

Because of its extremely low savings rate the U.S. borrows almost $____ billion dollars a day from ___________ to finance our federal budget and trade deficits.

Fill in the blank(s) with the appropriate word(s).