If the Fed ________ the money supply, the user cost of capital will ________ and V* will ________
A) increases; increase; increase
B) increases; decrease; increase
C) decreases; decrease; decrease
D) decreases; decrease; increase
B
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Which of the following would be included in Germany's GNP?
A) the production of BMWs (made by a German-based company) in South Carolina B) the production of Michelin tires made in Germany by a French company and then sold directly to French consumers C) the production of BMWs in Germany D) the production of Michelin tires made in France by a French company and then sold to BMW in Germany for use in BMW cars E) Answers A and C are correct.
The demand curve facing the monopolist is
A) the same as the market demand curve. B) more elastic than the market demand curve. C) less elastic than the market demand curve. D) upward sloping.
A closed shop is an agreement whereby
a. employers promise not to layoff workers during recessions. b. employees are forbidden from joining a union. c. employers pledge not to replace workers with machines. d. employees must join a recognized union as a condition of employment.
Economic discrimination and prejudice
A. are synonymous. B. must both exist in statistical discrimination. C. often occur together. D. are mutually exclusive.