From an economist's viewpoint, discrimination occurs if there is a wage differential between two groups when there is no difference in the marginal revenue product of the two groups
a. True
b. False
Indicate whether the statement is true or false
True
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New entrants to the labor force usually account for around ________ percent of the unemployed
A) ten B) twenty C) twenty-five D) thirty
Capital gains are ________, and capital losses are ________.
A. increases in the flow of investment; decreases in the flow of investment B. additions to plant and equipment; the destruction of plant and equipment C. increases in the flow of saving; decreases in the flow of saving D. increases in the value of existing assets; decreases in the value of existing assets
Assume that a monopoly is producing at a profit-maximizing output level. If the firm's total fixed costs decrease, the firm
A. should continue to produce at the same level. B. should increase its price. C. should lower its price. D. increase its output level.
Why does the GG schedule have a positive slope?
A) The monetary efficiency gain a country gets by joining a fixed exchange rate area falls as its economic integration with the area increases. B) The monetary efficiency gain a country gets by joining a fixed exchange rate area rises as its economic integration with the area decreases. C) The monetary efficiency gain a country gets by joining a fixed exchange rate area rises as its economic integration with the area increases. D) The monetary efficiency gain a country gets by joining a floating exchange rate area rises as its economic integration with the area increases. E) The monetary efficiency gain a country gets by joining a fixed exchange rate area is constant after their integration into the area.