Affirmative action programs,
a. according to critics, are clearly quota systems that lead to reverse discrimination.
b. according to supporters, make efforts to find qualified minorities and women and hire them.
c. according to critics, clearly lead to the hiring of unqualified people and thus reduce efficiency.
d. All of the above are true.
d
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The estimator obtained through regression on quasi-demeaned data is called the _____.
A. random effects estimator B. fixed effects estimator C. hetroskedasticity-robust OLS estimator D. instrumental variables estimator
The graph illustrates the demand curve for soda. After a rise in the price of a soda from $1.00 a can to $2.00 a can, the quantity of soda demanded
A) decreases from 2 cans to 0 cans a day. B) increases from 0 cans to 2 cans a day. C) remains unchanged. D) decreases from 1 can to 0 cans a day. E) cannot be determined from the figure because the demand curve will shift to a new curve.
The above figures show the market for gasoline. Which figure(s) shows the effect of a decision by the OPEC countries in the Middle East to export less oil to the rest of the world?
A) Figure B B) Figure C C) Figure D D) Figures B and C
Advocates of steel tariffs to protect U.S. steel firms realize that when imposing such tariffs, the gains of firms are outweighed by the losses to consumers.. This implies that
A) such advocates value producer surplus more than consumer surplus. B) such advocates want to help consumers. C) such advocates value consumer surplus more than producer surplus. D) such advocates value producer surplus and consumer surplus equally.