If neither employers nor consumers are prejudiced,
a. discrimination cannot occur
b. all wages will be equal for all workers
c. there will be no non-ability-based wage differentials between different groups of workers
d. statistical discrimination may still occur
e. all equally qualified potential workers have an equal chance of employment and advancement
D
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When the demand for a monopolist's output falls, the monopolist will
a. not change the price, since it has no competition. b. raise the price in order to compensate for the lower demand. c. charge a lower price. d. cut its costs in order to maintain its profit margin.
If a firm has a capital stock of $50,000 and employs 200 workers, its capital-labor ratio is
a. $1/250 b. 4 percent c. 250 percent d. $10,000,000 e. $250
The impact of technological change in the health-care area has been to
A) increase both the quality of health care and the monetary costs of health care. B) increase the monetary costs of health care and decrease the quality of health care. C) decrease the monetary costs of health care while decreasing the quality of health care. D) increase longevity but decrease quality of life.
Economic growth can best be portrayed as a:
A. Leftward shift of the production possibilities curve B. Movement from a point inside to a point outside of the production possibilities curve C. Movement from a point near the vertical axis to a point near the horizontal axis on the production possibilities curve D. Rightward shift of the production possibilities curve