NAFTA is an example of a common market.
a. true
b. false
b. false
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Which of the following is a benefit of affirmative action programs?
A) They ensure that qualified minorities are not being passed over in favor of less-qualified applicants. B) They ensure a fundamental sense of fairness in hiring and promotion. C) They can provide a means and an incentive for members of historically underperforming groups to intentionally change their characteristics, such as investing in education and acquiring experience. D) All of the above are benefits of affirmative action programs.
Holding all other personal characteristics-such as age, gender, and income-constant, economists would expect that
A) people without health insurance will be more likely to be overweight than people with health insurance. B) there is no correlation between not having health insurance and being overweight. C) people without health insurance will be less likely to be overweight than people with health insurance. D) people without health insurance will be equally likely to be overweight as people with health insurance.
With respect to efficiency wage models, the efficiency of workers depends
a. positively on the money wage they are paid. b. positively on the real wage they are paid. c. inversely on the age of the workers. d. positively on the unemployment rate.
A normal good is a good for which demand increases as the
a. income of demanders increases b. price of the good increases c. price of close substitutes decreases d. total number of consumers decreases e. supply of the good increases