If a job requires a level of strength that the average woman cannot typically achieve, then interviewing and hiring no women would be an example of
A. statistical discrimination.
B. disparate treatment discrimination.
C. adverse impact discrimination.
D. comprehensive discrimination.
Answer: A
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An economy has two workers, Jen and Rich. Everyday they work, Jen can produce 2 TVs or 10 radios, and Rich can produce 4 TVs or 12 radios. To maximize total output, Jen should specialize in producing ________ while Rich should specialize in producing ________.
A. TVs; TVs B. radios; both goods C. radios; TVs D. TVs; radios
Refer to Figure 9.2. At price 0H and quantity Q1, the deadweight loss is
A) DGC. B) BDC. C) BGC. D) 0FGQ1. E) none of the above
An individual with a constant marginal utility of income will be
A) risk averse. B) risk neutral. C) risk loving. D) insufficient information for a decision
An individual insured against a particular cost, a. has reduced incentives to take precautions against those costs. b. may take on additional risk because he/she is insured
c. faces incentives that can result in higher insurance rates. d. All of the above are true.