Price discrimination explains why Ivy League universities often base tuition costs on students'
a. age.
b. financial resources.
c. high school GPA.
d. gender.
b
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The expenditure multiplier in the ISLM framework is smaller than that derived from the simple Keynesian model because
A) velocity is always assumed to be constant. B) the economy is assumed to be in the liquidity trap. C) the aggregate supply curve is assumed to be horizontal. D) the LM curve is assumed to have a positive slope.
Which of the following is a positive question?
A. Is society better off if we restrict trade with other countries? B. Should we increase taxes on the rich or the middle class? C. Will an increase in the minimum wage cause more unemployment for teenagers? D. Should the government provide health care?
Martha did not like her job as a receptionist, so she quit and is looking for one that better suits her artistic talents. Ting Pei would like to work, but employers are not willing to hire him because he does not speak English. Martha is ________ unemployed and Ting Pei is ________ unemployed.
A. frictionally; structurally B. structurally; cyclically C. cyclically; structurally D. structurally; frictionally
The demand for labor is downward sloping because of:
a) Diminishing marginal returns to labor. b) Rising price. c) Falling marginal cost. d) Rising marginal physical product.