Since measurable factors such as years of experience and years of education explain less than half of the variation in wages, ability, effort, and chance must play a significant role in determining wages

Risk that is related to the uncertainty about interest rate movements is called

A) default risk. B) interest-rate risk. C) the problem of moral hazard. D) security risk.

If the demand for a good increases by more than the supply of the good increases, then the good's equilibrium price will __________ and its equilibrium quantity will __________

A) rise; fall B) rise; rise C) fall; fall D) fall; rise