Evidence from a 1988 study of the market for professional basketball players
a. found no evidence of consumer-driven wage discrimination.
b. found some evidence of consumer-driven wage discrimination.
c. found that measurement of marginal productivity was very difficult for basketball players.
d. indicated that sports with strong player associations are unlikely to experience wage discrimination.
b
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In the above figure, which part corresponds to a destruction of part of the nation's capital stock?
A) Figure A B) Figure B C) Figure C D) Figure D
________ occurs when a central bank purchases assets with the intention not of lowering the short-term interest rate, which is already at zero, but with the purpose of increasing bank reserves
A) Quantitative easing B) Fiscal incrementing C) Loan originating D) Fiscal easing
Taxes are one method of funding the poverty alleviation programs by the government. Which of the following is an important impact of taxes?
a. Taxes increase workers' incentives to work for longer hours. b. Taxes raise the disposable income of the workers. c. Imposition of taxes makes the government popular among the people. d. Taxes reduce the opportunity cost of leisure. e. Taxes reduce the demand for labor.
Refer to Figure 10.1. Suppose the individual is initially at point b. Based on the figure, the individual is currently:
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A. a saver, which is his optimal choice.
B. a borrower, which is his optimal choice.
C. a saver, though borrowing would increase his utility.
D. a borrower, though saving would increase his utility.