Author Question: If the rate of productivity growth in the United States exceeds the rate of productivity growth in ... (Read 125 times)

gonzo233 · **on:** Jun 29, 2018

If the rate of productivity growth in the United States exceeds the rate of productivity growth in Great Britain we would expect the U.S. dollar to depreciate in value against the British pound.

Indicate whether the statement is true or false

Question 2

Often you will hear students say that a college degree is nothing more than a piece of paper.

They argue that there are many successful people who don't go to college that are managing large corporations or otherwise have fulfilling and rewarding careers. Given that this is true does this undermine the usefulness of a college degree as a signaling device?

xthemafja · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

FALSE

Answer to Question 2

While it may be true that there are many capable and successful people in the world without college degrees earning one communicates a lot of important information to would-be employers about the job candidate's work effort. Many business virtues that are necessary in order to get a college degree including persistence, carrying things through to completion, patience, and meeting deadlines. While not all college students with degrees have these qualities the degree itself is an overall good signal that these traits have a high probability of being a part of the degree holder's traits.