This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to the scenario above. Which of the followings statements is true of the model? A) ... (Read 61 times)

Charlie

  • Hero Member
  • *****
  • Posts: 640
on: Jun 30, 2018
Refer to the scenario above. Which of the followings statements is true of the model?
 
  A) According to the model two additional years of education will increase an individual's future wages 1.20 times.
  B) The predictions of this model can be verified empirically.
  C) According to the model two additional years of education will increase an individual's future wages 2.98 times.
  D) The predictions of this model can only be applied for a limited number of years of additional education.

Question 2

If the real interest rate is greater than the nominal interest rate in an economy:
 
  A) inflation must be negative in the economy. B) inflation must be positive in the economy.
  C) inflation must be zero in the economy. D) the nominal interest rate must be equal to zero.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

iceage

  • Guest
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


Charlie

  • Member
  • Posts: 640
Reply 2 on: Jun 30, 2018
Gracias!

momolu

  • Member
  • Posts: 320
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

A model for recessive epistasis A model for recessive epistasis
Model of a longitudinal study in which 983 students were surveyed in 1984 and then again in 1985, 19 Model of a longitudinal study in which 983 students were surveyed in 1984 and then again in 1985, 19
Ratings of Perceived Contradictions in Political Statements Ratings of Perceived Contradictions in Political Statements
The seven components of the Wernicke-Geschwind model. The seven components of the Wernicke-Geschwind model.
Model of a complex systems Model of a complex systems
The ABC model of flower development The ABC model of flower development
Video: Homeostasis (range of body conditions, normal limits, mild stresses & severe stresses)

For a complete list of videos, visit our video library