Does an increase in the demand for Introductory Economics increase the cost to students of taking the course?

Which statement is true?

A. Employment discrimination has ceased to exist. B. Women working full time now earn virtually the same amount as men. C. The poverty rate for blacks and Hispanics is three times the poverty rate for whites. D. Property income is mainly paid in the form of rent.

Studies of human decision-making show that

a. firms are less likely to maximize profits than consumers are to maximize utility. b. firms are more likely to maximize profits than consumers are to maximize utility. c. people are irrational more often than they are rational. d. people are reluctant to change their minds.

The consumer price index for Planet Econ consists of only two items: books and hamburgers. In 2015, the base year, the typical consumer purchased 10 books for $20 each and 200 hamburgers for $1 each. In 2017, the typical consumer purchased 12 books for $23 each and 300 hamburgers for $1.15 each. The consumer price index for 2017 on Planet Econ equals:

A. 1.00 B. 1.45 C. 1.25 D. 1.15

Suppose you have just landed a job near the center of a city and you now need to decide where to live. If you live close to the city? center, your? round-trip commute will be 15 minutes. If you live in the distant? suburbs, your? round-trip commute will be 60 minutes. There are lots of workers like you who work downtown. Since there are only a limited number of apartments near the city center, these apartments will be allocated based on __________ that you face. This process is known as _____________.

Fill in the blank(s) with the appropriate word(s).