As a result of their experiment economists Muriel Niederle and Lise Vesterlund found that
a. women choose competitive environments more than men.
b. women and men choose competitive environments equally.
c. women choose competitive environments less than men.
d. women are just as likely as men to have high-paying corporate jobs.
c
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In the long run, a firm will exit an industry if the market price is less than its
a. break-even price. b. shutdown price. c. marginal cost. d. fixed cost.
Absent any violations of the conditions underlying the first welfare theorem, the competitive market equilibrium is efficient if and only if tastes are quasilinear.
Answer the following statement true (T) or false (F)
If the exchange rate changes from 1 euro per U.S. dollar to 1.2 euros per U.S. dollar, the Euro has
a. appreciated, since its value has increased b. appreciated, since the price of U.S. dollars has increased c. appreciated, making U.S. goods cheaper in Euros d. depreciated, since its value has declined e. depreciated, since its value has increased
If the United States cuts its government budget deficit, what impact would there be on the IS curve?
A) It would shift right due to higher levels of total spending. B) It would shift left due to lower levels of total spending. C) It would shift left because of lower levels of total spending, and it would shift right if U.S. interest rates decline due to lower borrowing. D) It would shift left because of higher nominal and real interest rates due to increased borrowing.