Refer to Scenario 17.1. If the threshold educational level y* is set at 14,
A) only individuals in Group A will attain it.
B) only individuals in Group B will attain it.
C) individuals in both groups will attain it.
D) no individuals will attain it.
E) some fraction of individuals in each group will attain it.
D
Economics
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In a monopolistically competitive market
A) firms are price setters. B) barriers to entry are high. C) firms earn positive economic profit in the long run. D) products are undifferentiated.
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Which one of the following is part of the official money supply in the United States?
a. Federal Reserve Notes. b. Gold bars. c. Common stock. d. Silver coins.
Economics