When a good becomes more scarce, and the government prevents sellers from raising prices,
A) demanders are prevented from competing against one another to obtain the good.
B) the opportunity cost to purchasers of obtaining the good will nonetheless rise as long as the quantity demanded is greater than the quantity supplied.
C) the quantity purchased will be greater than the quantity supplied.
D) there will be no rationing system to allocate the good among competing users.
B
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Which of the following about employment discrimination is true?
a. Employers who discriminate against blacks and other minorities will have lower costs than rival firms that hire employees strictly on the basis of productivity. b. After adjusting for factors such as education, experience, and location, the earnings of black men are almost identical to the earnings of white men. c. If minority and white employees in a skill category are equally productive, the profit motive provides employers with a strong incentive to hire minority employees if they are available at a lower wage. d. The empirical evidence indicates that the earnings gap between whites and blacks is entirely the result of worker preference.
Why does unemployment not go to zero during booms?
What will be an ideal response?
Cashing out capital gains in Virtual Currency System #3 (i.e., turning virtual capital gains into real world currencies) causes the nation's:
a. Monetary base to rise. b. M2 money supply to fall. c. M2 money multiplier to fall. d. Monetary base to remain the same.
A census area that has a poverty rate of 40 percent or greater and is associated with increased crime, poorer health outcomes, failing schools, and decreased employment opportunities is known as:
a) decentralized poverty. b) an urban area. c) a rural area. d) concentrated poverty.