Studies show that white women earn approximately 25% less than white men. From this data alone, one should not conclude that white women are victims of discrimination. Name two other factors that could explain the difference in wages
Differences in human capital
Compensating differentials
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A currency drain ________ the amount of bank reserves available to banks to make loans because ________
A) reduces; people are holding more money outside of the banks B) increases; people are holding less money outside of the banks C) reduces; people are holding less money outside of the banks D) reduces the monetary base; people are holding more money outside of the banks E) reduces; people are holding onto the money the banks could have borrowed from the Fed
Most college professors are granted tenure after six years of employment. Tenure implies a lifetime appointment. What problem does this situation create, and how can colleges minimize the problem?
What will be an ideal response?
Contractionary fiscal policy is enacted when the overall effect of decisions about taxation and spending is to:
A. increase aggregate demand. B. increase aggregate supply. C. reduce aggregate demand. D. reduce aggregate supply.
If the current account balance of a country is positive, the country's international investment position
A) is positive. B) is zero. C) is negative. D) could be positive, negative, or zero.