Assume that all workers are equally productive, but the wage rate for men is $12 compared to $9 for women. An employer who employs only male workers must have a discrimination coefficient of:
A. more than $3.
B. at most 0.3.
C. less than $3.
D. 1.33 or less.
Answer: A
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The assessed value of a home is
A. the value that the jurisdiction uses to assign taxes. B. an annual 6% increase in the value of a home. C. the annual rate of deprecation of a home because of use. D. always lower than its market value.
If a security held by a bank falls in market value, that loss
A) must be recorded by the bank, no matter what. B) will be recorded by the bank only if the security is of the type they hold to maturity. C) will be recorded by the bank only if the security is of the type they often sell before maturity. D) will be recorded by the bank only if it sells the security.
The principle of comparative advantage states that, regardless of the price at which trade takes place, everyone will benefit from trade if they specialize in the production of the good for which they have a comparative advantage
a. True b. False Indicate whether the statement is true or false
A graphic representation of the quantities of a good that will be bought at each price
a. demand curve b. income effect c. elastic d. inferior good