The completion of a degree or course of study is a good labor market signal
A) only if what is learned in that educational process relates directly to the job the individual is being considered for.
B) only if there is a positive correlation between academic success and wage income.
C) primarily because individuals develop good habits in college that serve them well in other areas later on.
D) because all individuals have the opportunity (in the United States) to pursue higher education.
E) because people who possess the traits that make them more productive in the workplace have an easier time completing an education than those who don't.
E
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Firms have tried a number of different strategies to reduce the negative effects of competition on their ability to earn economic profits
Which of the following strategies is most desirable from the viewpoint of economic efficiency and consumer well being? A) Collusion. B) Price leadership. C) Formation of cartels. D) Investment in research and development.
The Federal Reserve was created
a. in 1913 by Congress b. as a result of the Great Depression c. according to the standards enforced by NATO d. by President Kennedy