Those who view education as a sorting mechanism emphasize that employers value

a. the skills that people who attend college have already acquired before they enter college.
b. the docility and deference to authority learned in the classroom.
c. the analytic ability of the highly educated worker.
d. the work habits picked up in the home and school.

a

Economics

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A 10 percent increase in income increases the quantity of orange juice demanded from 19,200 to 20,800 gallons. The income elasticity of demand for orange juice is

A) 0.5. B) 0.8. C) 1.0. D) 1.2.

Economics

Which of the following "quotations", according to chapter 23, best summarizes Keynes conclusions about the lessons of the depression for the nature of capitalism?

a. "It is in determining the volume, not the direction, of actual employment that the existing system has broken down.". b. "An economic system that forgets to find work for millions of men and women, cannot be trusted to perform any task in an intelligent fashion.". c. "The depression is essentially a problem of reliance on a private banking system for the provision of an inherently public good, money.". d. "The rules of sound finance, namely stable prices and balanced budgets, apply as much to the present crisis, as they do in more pleasant times.".

Economics