Assuming all else equal, the ________, the lower the nominal interest rate
A) lower the inflation rate B) higher the inflation rate
C) lower the income tax rates D) higher the income tax rates
A
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A Major League Baseball player signs a contract that pays $27 million over 5 years. The $27 million is the contract's ________ value
A) real B) implicit C) nominal D) external
Which of the following is the best example of the "command" process?
A) United Airlines buys Northwest Airlines. B) Striking auto workers force General Motors to shut down its factories. C) Banks raise their fees on late payments by credit card holders. D) The FCC requires local telephone companies to provide access to their local networks before being able to offer long distance service.
Real dollar amounts are essentially the same as nominal dollars.
A. True B. False C. Uncertain
Which of the following is an example of discrimination in the labor market?
a. Women earn less than men because women are more likely to be employed in occupations that pay less, such as elementary school teachers rather than electrical engineers. b. Women earn less than men because women have, on average, fewer years of experience in the labor force because women, on average, periodically leave the labor force to raise children. c. A pharmaceutical sales company pays women less than men because the company's customers, physicians and pharmacists, say that they prefer to deal with men rather than women. d. All of the above are examples of discrimination.