If white workers earn more than black or Hispanic workers primarily because of differences in education, then this means there is no discrimination against blacks or Hispanics. This statement is
A. false, because it could be that black and Hispanic workers face discrimination or other obstacles to receiving a quality college education.
B. true, because black and Hispanic workers are paid less because they have less education, not because of discrimination.
C. false, because employers are discriminating by choosing not to hire uneducated workers, regardless of their race.
D. true, because antidiscrimination laws went into effect a long time ago.
Answer: A
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The marginal cost curves slope upward because of the principle of
A) decreasing marginal benefits. B) increasing marginal cost. C) increasing marginal benefits. D) decreasing marginal cost. E) decreasing total benefit.
Which of the following regions had the most impressive growth rate between 1960 and 2011?
A) India B) East Asia C) Latin America D) Sub-Saharan Africa
If the Fed wants to raise interest rates, then it can use its open market operations to:
a. increase the money supply. b. decrease the money supply. c. increase money demand. d. decrease money demand.
In order to calculate the real interest rate, simply:
A. add the rate of inflation to the nominal interest rate. B. divide the nominal interest earned by the rate of inflation. C. subtract the rate of inflation from the nominal interest rate. D. subtract the nominal interest rate from the rate of inflation.