Which of the following statements is true?
A) Comparative statics is a tool that can be used in both optimization in levels and optimization in differences.
B) Marginal analysis is a key tool used while optimizing in levels.
C) Comparative statics involves calculating the incremental cost of moving from one alternative to the next best alternative.
D) Marginal analysis is the comparison of economic outcomes before and after some economic variable is changed.
A
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The simple correlation between educational attainment and income is very strong and consistent
Indicate whether the statement is true or false
Which of the following statements is true?
a. Income earned by a worker with a college degree grows more rapidly than a worker without a college degree during their early working years. b. A worker with a college degree always earns less than a worker without a college degree. c. A worker with a college degree always earns more than a worker without a college degree. d. A worker without a college degree initially earns more than a worker with a college degree but the latter surpasses the former in due course of time. e. Both the workers earn equal incomes after a certain period of time.