Suppose employers sort employment applications into high-ability and low-ability people based on the attainment of a university degree. This would provide evidence in support of which of the following? Question 32 options: the principle that education enhances marginal productivity the signalling theory of education the neoclassical principle that most business owners are more interested in discriminating against a particular group than in maximizing profits the human-capital theory of education
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Question 32 options:
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the principle that education enhances marginal productivity
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the signalling theory of education
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the neoclassical principle that most business owners are more interested in discriminating against a particular group than in maximizing profits
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the human-capital theory of education
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- Which of the following is not correct? Select one: a. Economists found that the prices of older baseball cards were about 10 percent lower when the player was black rather than white. b. Two economists found that women were less likely to participate in an experiment where they were paid based on math skills but more likely to participate when they were paid based on reading skills; men were more likely to participate when they were paid based on math skills and less likely to participate when they were paid based on reading skills. c. Two economists found that employers in Boston and Chicago were about 50 percent more likely to interview job applicants named Emily and Greg than those named Lakisha and Jamal. d. Some economists believe that business owners who emphasize profit maximization will hire the most productive workers regardless of the personal characteristics of the worker; hence, these firms will drive discriminating firms out of business.Is the rational actor model the best way to understand foreign policy decision-making? Define the model, indicate why it is used, and define any other relevant concepts. Raise an objection to the model. Reply to your objection, or raise a second objection. In your answer, be sure to define “rationality” and discuss important (and relevant) concepts as they relate to the Russian decision to invade Ukraine. Approximately 500- 700 words.In the light of fundamentals of supply-side economics and demand-side economics highlight the importance of each school of thought under these two categories in achieving the goal of economic growth. Could there be any consensus among the alternative views? Your answer must be very specific to statement of question.
- This is not a writing assignment, this is a multiple-choice question The short article by Richard Works refers to a study conducted by economists Daron Acemoglu and Pascual Restrepo for the NBER (National Bureau of Economic Research). The study analyzed the effect that industrial robot usage had on labor markets from 1990 to 2007. Based on the summary of the Acemoglu-Restrepo contained in this short article by Richard Works, please answer the question below this text. Historically we have found that addition of technology to production methods has both assisted labor by making production easier as well as displaced some labor with machines as fewer workers were now needed to get the job done. However, historically, the end result of adding technology was greater production, new demand, economic growth, and new job opportunities for the displaced workers. In recent years, the addition of robotics and artificial intelligence has added a new dimension to the relationship between…In this module we learned that, despite increases in the cost, the value of higher education has increased over time. How can college be made more affordable? Revenues earned by colleges and universities come from three main sources: Tuition and fees paid by students, which have increased faster than the cost of living. Support from governments at the federal, state and local levels. This support is paid for through tax revenues. Even private colleges and universities obtain funding from the government, but government support has declined at all levels in recent years. Alumni contributions. What has caused the cost of college to increase so much? (Not every college has a fancy gym or an Olympic sized pool with a lazy river.)This is not a writing assignment, this is a multiple-choice question Which of the below stated possible desirable roles of the government in the economy does Wheelan, the author of the book, Naked Economics, consider to be the "one of the most controversial"? Group of answer choices Should the government play any role in lowering the cost of doing business in the private sector by providing uniform rules and regulations, by rooting out fraud, or by circulating a sound currency? Should the government protect people from themselves? Should the government enforce antitrust laws that forbid companies from conspiring together in ways that erase the benefits of competition? Should the government play any role in redistributing wealth?
- Which of the following models, if any, rests on the assumption of competitive factor markets? Gravity model Ricardian model Heckscher-Ohlin modelThe following are correct statements about the Labor Market model, EXCEPT: Question 14 options: The Demand for labor is mainly determined by the Marginal Productivity of Workers. The Supply of Labor is mainly determined by the Opportunity Cost for Work. An increase in Labor Productivity will likely lead to higher wages but less total labor demand. In equilibrium, the market for labor will attain zero unemployment.Which of the following is NOT a characteristic of a typical positive economic model? Group of answer choices the assumption that people weigh the costs and benefits of their various alternatives realistic assumptions makes predictions that can be proven false makes assumptions that ignore the complexity of behavior A regression estimates that Q = 35 - 0.1 ∗ X, where Q is the quit rate, X is the number of employees at the firm. This indicates that doubling the number of employees from 100 to 200 will reduce the quit rate by Group of answer choices 35% points. 50% points. 5% points. 10% points. Because workers have varying preferences about the type of work they like to do, Group of answer choices the firm supply curve for chefs is vertical. the market supply curve for chefs is upward sloping. the market demand curve for chefs is downward sloping. the firm supply curve for chefs is horizontal. Year Average Nominal Wage…
- Earning a college degree has some well-known and well-documented advantageous impacts on an individual. That is the motivation for people to delay their entry into the workforce for four or five years while they earn a baccalaureate degree. However, studies have shown significant positive impacts on the community, the state, and society caused by higher education. For example, states with more college-educated people also display better health conditions, higher earnings, lower crime, more innovation, and a general increased standard of living. In the language of our current module, higher education is a positive externality. The person deciding to attend college is doing it for the benefits she will receive from this new knowledge and experience. However, it is also true that there will be positive spillover effects on her community and state. During the course, we discovered that when an activity also produces a positive externality, the marginal social benefit (MSB) from that…All of the below statements reflect the views regarding "human capital" expressed in chapter 6 of the book Naked Economics, EXCEPT for this one. Please select the statement that DOES NOT reflect what Wheelan has written in this chapter. Group of answer choices Human capital is much more than earning more money. It makes us better parents, more informed voters, more appreciative of art and culture.... Technology displaces workers in the short run but does not lead to mass unemployment in the long run. Improvement in human capital and technology is a painless process with no immediate or short-term negative effects upon any person in that economy. Studies indicate that in low-income countries each additional year of schooling reduces the probability of infant mortality by 5-10%.Fama (1991) expanded the weak form of market efficient market hypothesis to include predicting future returns with the use of accounting or macroeconomic variables.Discuss.