Discrimination that results in minorities being paid less than whites for identical work would be an example of which explanation for wage differentials?
A. Noncompeting groups
B. Compensating differences
C. Market imperfections
D. Principal-agent problems
C. Market imperfections
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Which of the following statements is true?
A) A savings deposit is not counted in the most basic, or narrow, definition of the money supply. B) M1 is sometimes referred to as transactions money. C) Money reduces the transaction costs of making exchanges. D) b and c E) a, b, and c
If the credit market is close to being a competitive market, an interest rate ceiling imposed by usury laws will bring misallocations of resources.
Answer the following statement true (T) or false (F)
One characteristic that distinguishes holding period return from the coupon rate, the current yield, and the yield to maturity is:
A. only the holding period return includes the capital gain/loss. B. holding period return will usually be less than the other returns. C. all of the other returns can be calculated at the time the bond is purchased, but holding period return cannot. D. holding period return will always be the highest return.
The United States became a debtor nation in
A. 1975. B. 1982. C. 1985. D. 1990.