When the occupational choices of women or minorities are restricted, this results in:
A. Lower wages for these groups, but has no effect on the efficient allocation of labor resources
B. Lower wages for these groups, but more efficient allocation of labor resources
C. Lower wages for these groups and less efficient allocation of labor resources
D. Higher wages for these groups and more efficient allocation of labor resources
C. Lower wages for these groups and less efficient allocation of labor resources
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When the monopolistically competitive firm shown in the above figure is at its long-run equilibrium, it will be
A) producing the efficient scale of output and is at point A on the ATC curve. B) producing more than the efficient scale of output and is at point C on the ATC curve. C) producing at less than the efficient scale of output and is at a point such as F on the ATC curve. D) producing the efficient scale of output and is at point B on the MC curve.
According to Table 6.1, there are less than one million heads of households who worked full-time year round and were poor
Indicate whether the statement is true or false
If real GDP is 100 in year 1, and grows at a rate of 3 percent per year for 9 years, what will the GDP be in 9 years?
What will be an ideal response?
Hitler's Germany was an example of a _________ economic system.
A. Capitalist B. Fascist C. Communist D. Socialist