In the experiment conducted by economists Muriel Niederle and Lise Vesterlund
a. men were better at adding than women.
b. women chose the tournament payoff scheme more than men.
c. men thought they won the four-player tournament part of the experiment more often than women thought they won the four-player tournament.
d. the researchers demonstrated that women face significant wage discrimination in stock brokerages.
c
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A change in the price of one good results in a rotation of the budget line, so that it is steeper or flatter.
Answer the following statement true (T) or false (F)
A soda factory employs seven workers and produces 500 bottles of soda a day. The company reduces the workforce to six workers and output is now 450 bottles a day. The seventh worker:
A. had a marginal product of 50 bottles of soda. B. caused average product to fall. C. had a lower marginal product than the sixth worker. D. All of these are true.
Which of the following is not used as a trade protection practice?
a. tariff b. quotas c. safety standards d. foreign-owned domestic production e. nontariff barriers
Is a uniform per-unit tax on firms that cause an externality an optimal policy for correcting the externality? Explain
What will be an ideal response?