Depreciation is subtracted from GNP to determine

A) net national product (NNP). B) net GDP.
C) net imbalance on exports. D) net income.

A

Economics

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If a college degree is used to signal high ability, but the cost of a college degree is relatively high,

A) a separating equilibrium is achieved. B) a pooling equilibrium is achieved. C) even low-ability workers will attend college. D) the share of high-ability workers must be 1.

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Contract responsibility was a reform that applied to:

a. state owned enterprises b. the commanding heights c. small scale industry d. agriculture e. None of the above

Economics