According to this Application, those communities that were more exposed to imports had larger increases in workers receiving
A) unemployment insurance. B) disability payments.
C) food stamps. D) all of the above
D
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When the price of a product decreases, the purchasing power of our income increases and thus permits consumers to purchase more of the product. This statement describes
A. the income effect. B. an inferior good. C. the rationing function of prices. D. the substitution effect.
Large income differences will be eradicated if the market mechanism is working well
a. True b. False Indicate whether the statement is true or false
Workers are generally in a better position to protect themselves from inflation in comparison to retired persons because workers' incomes
a. are more likely to be fixed. b. are more likely to be variable. c. always rise during inflation. d. are guaranteed by the federal government.
Which one of the following statements concerning employee discrimination is not true?
A. Workers accept the utility-maximizing job offer even when there is employee discrimination. B. Employee discrimination does not affect the profitability of firms as long as firms can employ segregated work forces. C. Employers have no reason to employ a segregated workforce if there is employee discrimination. D. Discriminating employees act as if their wage is less than it actually is if they are employed by a firm that has an integrated workforce. E. Employee discrimination will not produce a wage differential between equally skilled black and white workers.