In the presence of discrimination by customers,
a. market forces nevertheless always work to prevent discriminatory wage differentials.
b. discriminatory wage differentials can exist, but only if firms refrain from maximizing their profits.
c. discriminatory wage differentials can exist, but only if government reinforces customers' practices by passing laws that mandate discrimination.
d. discriminatory wage differentials can exist, even in the absence of discriminatory practices by firms or by government.
d
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Why do some workers lose their job when the minimum wage is increased?
A) The increase in labor costs decreases the supply of the product, thereby raising the price of the good so that the equilibrium quantity decreases to zero. B) The increase in the minimum wage decreases the quantity of labor demanded. C) The demand for labor is perfectly inelastic. D) The supply of labor decreases. E) The demand for labor is perfectly elastic.
In the equation S = Y - C, in order to interpret Y as disposable income, it is necessary to interpret S as ________ saving
A) private B) national C) government D) business
A fall in autonomous investment will shift the
a. IS curve to the right toward higher interest rates and output. b. LM curve to the right towards lower interest rates and higher output. c. IS curve to the left towards higher interest rates and output. d. None of the above
Negative net exports means that
What will be an ideal response?