Merely demonstrating that wages are lower for blacks and females does not in itself prove wage discrimination
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Homogeneous goods are ________
A) perfect complements B) perfect substitutes C) similar but not identical D) always inferior
Economics
NAFTA is an example of a multilateral approach to achieving free trade
a. True b. False Indicate whether the statement is true or false
Economics
All firms operating in a perfectly competitive market produce unique goods
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following would NOT be considered a fixed cost of production?
A) wages paid to labor B) the opportunity cost of capital C) interest payments on a loan D) insurance payments on plant and equipment
Economics