Which of the following best defines affirmative action?
a. Giving special rights to minorities in hiring
b. Providing multicultural training to workers
c. Basing income distributions on race
d. Evaluating the diversity of a workforce
a. Giving special rights to minorities in hiring
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Which of the following is a bank liability?
A) reserves B) consumer loans C) nontransaction deposits D) securities
At the utility maximizing choice, the marginal utility of a baseball bat is 60 utils, while the marginal utility of a football is 30 utils. If the price of the baseball bat is $20, the price of the football is _____
a. $10 b. $20 c. $15 d. $5
If the effluent limitations are insufficient for a body of water
a. that body of water is considered “water quality limited” b. more stringent controls are required c. that water body becomes subject to total maximum daily loads (TMDLs) d. all of the above e. (a) and (b) only
What two conditions must hold for a competitive market to produce efficient outcomes?
A. Demand curves must reflect all costs of production, and supply curves must reflect consumers' full willingness to pay. B. Supply curves must reflect all costs of production, and demand curves must reflect consumers' full willingness to pay. C. Firms must minimize production costs, and consumers must minimize total expenditures. D. Firms must maximize profits, and consumers must all pay prices equal to their maximum willingness to pay.