Auto insurance rates are lower for young women relative to young men. An unusually reckless young woman driver benefits from this
A) statistical discrimination.
B) signal.
C) screening.
D) majority voting.
A
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________.
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
Over the last 50 years, poverty has been:
A. falling, and inequality has been rising. B. falling, and inequality has been falling as well. C. rising, and inequality has been rising as well. D. rising, and inequality has been falling.
It is sometime useful to view each step in the supply chain as a(n)
A) single market. B) integrated process. C) horizontal process. D) vertical process.
Tyler purchases 5 pounds of hot dogs per month when his monthly income is $2,000 and 4 pounds of hot dogs per month when his monthly income is $2,200 . Tyler's income elasticity of demand for hot dogs is
a. 2.33, and hot dogs are a normal good. b. -2.33, and hot dogs are an inferior good. c. 0.43, and hot dogs are a normal good. d. -0.43, and hot dogs are an inferior good.