When employers discriminate, they:
a. may believe that they have sound economic reasons for doing so.
b. may pay the price in lost earnings and productivity
c. may subject themselves to civil action.
d. may be characterized by all of the above.
d
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A firm maximizes its profit by producing the amount of output such that
A) marginal revenue equals marginal cost. B) marginal revenue exceeds marginal cost by some amount. C) marginal revenue is maximized. D) marginal cost is minimized. E) marginal revenue exceeds marginal cost by the maximum amount possible.
Scott is a woodworker and charges $125 an hour for his time manufacturing custom-made wood products. For his wife's birthday, he designs and creates an intricate birdseye maple jewelry box that takes him 15 hours to complete
By how much and in what direction does GDP change as a result of his efforts? A) GDP rises by $125. B) GDP is not affected by Scott's production of the jewelry box. C) GDP rises by $1,875. D) GDP falls by $1,875.
_____ is determined by subtracting exemptions and deductions from total income
a. Adjusted gross income b. Taxable income c. Tax base d. Disposable income
Developing countries must confront industrial countries' trade restrictions, such as tariffs and quotas
a. True b. False