Profit-maximizing, competitive firms will not discriminate in the hiring of workers unless consumers exercise a preference for discrimination in product markets or governments mandate discrimination
a. True
b. False
Indicate whether the statement is true or false
True
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Four possibilities have probabilities 0.4, 0.2, 0.2 and 0.2 and values $40, $30, $20, and $10 respectively. The expected value is:
a. $22 b. $24 c. $26 d. $28
Explain the policy implications of the classical economists' beliefs
Figure 33-6
?
If Figure 33-6 (a) illustrates the elimination of a recessionary gap, then the economy should move to what point on the curves shown in Figure 33-6 (b)?
A. From e to r B. From g to j C. From r to j D. From r to m
One of the agencies responsible for enforcement of antitrust policy is
A. the Trust Division of Congress. B. the Food and Drug Administration. C. the Federal Trade Commission. D. the World Trade Organization.