Which of the following is not an example of inequality of opportunity?
a. The Indian caste system.
b. The Japanese public education system.
c. Jim Crow laws in the United States.
d. South African apartheid.
b
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An increase in the equilibrium price and a decrease in the equilibrium quantity can be the result of
A) a decrease in demand. B) an increase in supply. C) a decrease in supply. D) an increase in demand. E) None of the above.
During the colonial period, the largest cities were typically
a. port towns. b. located in the hinterland. c. in the South. d. landlocked.
If the price of potatoes is reduced, consumers likely:
a. significantly more potatoes b. significantly fewer potatoes c. roughly the same quantity of potatoes d. an unknown quantity of potatoes; in this situation, consumers' actions cannot be predicted
Adele wants to buy a house at a fixed mortgage rate, Zen wants to buy a luxury vehicle with his savings, Fang wants to buy stocks of a blue-chip company with his salary, and Zayeda wants to book an apartment with the money she won in a lottery. If the Fed had implemented a contractionary monetary policy that is still effective, _____ is likely to be most adversely affected
a. Zayeda b. Fang c. Adele d. Zen