Wage differences among workers of different races and gender could be due to all of the following except
A) differences in preferences for jobs. B) labor unions.
C) differences in work experience. D) differences in education.
B
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In the foreign exchange market, the higher the dollar's exchange rate, the
A) larger the supply of dollars. B) smaller the quantity supplied of dollars. C) smaller the supply of dollars. D) larger the quantity supplied of dollars.
In the figure above, potential GDP equals
A) $15.5 trillion. B) $16.0 trillion. C) $16.5 trillion. D) None of the above answers is correct.
You have just been named President and Chief Executive Officer at the StrideRite Shoe Corporation. This appointment places you in the role of ________ to lower managers and ________ to the stockholders
A) principal; principal B) principal; agent C) agent; principal D) agent; agent
Refer to Figure 23-1. According to the figure above, at what point is aggregate expenditure greater than GDP?
A) J B) K C) L D) none of the above