Assume that there is a supply and demand market for non-preferred workers. If prejudice against these workers among employers decreases, then there will be a(n):
A. Increased supply of these workers, a rise in their wage rate, and a decrease in their employment
B. Increased demand for these workers, a rise in their wage rate, and an increase in their employment
C. Decreased supply of these workers, a fall in their wage rate, and a decrease in their employment
D. Decreased demand for these workers, a fall in their wage rate, and a decrease in their employment
B. Increased demand for these workers, a rise in their wage rate, and an increase in their employment
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A principal benefit of inflation is that it makes economic decisions easier
a. True b. False Indicate whether the statement is true or false
Which of the following arguments for trade protection contends that new domestic industries need support to establish themselves and survive?
A. The increased domestic employment argument. B. The cheap foreign labor argument. C. The diversification-for-stability argument. D. The infant industry argument.
Consider a $2 billion open market purchase of U.S. Treasury securities by the Federal Reserve. The Fed's balance sheet will show:
A. an increase in the asset category of securities and the liability category of reserves by $2 billion. B. only an increase in the asset of securities of $2 billion. C. no change in the size of the balance sheet, just the composition of assets will change from cash to securities. D. only show an increase in the liability of reserves of $2 billion.
Monopolies such as those created by copyrights and patents
A. inhibit but do not prevent innovation and authorship. B. lower prices. C. stifle innovation and authorship. D. are necessary to motivate innovation and authorship.