Which of the following might decrease the demand curve of labor for minority groups?
A. Elimination of discrimination against blacks.
B. Elimination of discrimination against females.
C. Easing licensing requirements.
D. Increasing discrimination against any minority groups.
Answer: D
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Which of the following is TRUE regarding real GDP?
I. Real GDP is the value of the total production of the country's farms, factories, shops, and offices. II. Real GDP rises whenever inflation occurs. III. Real GDP does not measure all that is produced. A) I and II B) I and III C) II and III D) I, II and III
In the above figure, what is the quantity of workers that would be hired in a perfectly competitive market?
A) Q1 B) Q2 C) Q3 D) Q4
The David Company's demand curve for the company's product is P = 2,000 - 20Q, where P = price and Q = the number sold per month.
a) Derive the marginal revenue curve for the firm. b) At what output is the demand for the firm's product price elastic? c) If the firm wants to maximize its dollar sale value, what price should it charge?
Refer to the figure below. Player A can infer that Player B will:
A. choose Left. B. choose Left when A chooses Up and choose Right when A chooses Down. C. choose Right. D. Player A cannot infer anything about what Player B will do given this matrix.