Unequal pay that is caused by economic discrimination will be due to
A) a noneconomic factor.
B) differences in the marginal revenue product.
C) a monopolistic labor market.
D) difference in human capital.
A
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Total surplus is maximized in a(n) ________
A) monopolistically competitive market B) perfectly competitive market C) oligopoly D) monopoly
The generosity of the U.S.'s foreign aid after World War II was:
A. unprecedented. B. over $12 billion to 16 countries in an effort to help them rebuild. C. not entirely altruistic and had strategic political motives as well. D. All of these statements are true.
Which of the following policies would be most likely to reduce the rate of inflation?
a. sale of government bonds by the Federal Reserve b. a reduction in the discount rate c. an increase in the size of the federal budget deficit d. a reduction in the required reserves imposed on the banking system
If the Fed wanted to shift to a more restrictive monetary policy, it would
a. expand the reserves available to the banking system, which would drive down short term interest rates. b. reduce the reserves available to the banking system, which would drive down short term interest rates. c. expand the reserves available to the banking system, which would drive up short term interest rates. d. reduce the reserves available to the banking system, which would drive up short term interest rates.