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40<br />
Compared to the typical high-school graduate, the typical college graduate has greater human<br />
capital and thus more options for both low-skill and high-skill jobs. This is called __________ .<br />
A. the signaling effect of a college education<br />
B. the learning effect of a college education<br />
C. the discriminatory effect of a college<br />
education<br />
D. all of the above<br />
Question 25 of<br />
2.5/ 2.5 Points<br />
40<br />
In order to practice price discrimination, a firm must be in a market such that the consumers in<br />
its market __________.<br />
A. have identical tastes<br />
B. have identical elasticity of demand<br />
C. have different elasticity of demand<br />
D. have the same demand for its<br />
product<br />
Question 26 of<br />
0.0/ 2.5 Points<br />
40<br />
Government taxes and transfers __________ .<br />
A. increase the wealth of the poorest Americans and reduce the wealth of the richest<br />
Americans<br />
B. reduce the wealth of all Americans<br />
C. increase the wealth of all Americans
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