Which employer is discriminating based on personal preferences?
a. Jorge, who tries to interview candidates from a variety of backgrounds
b. Ryder, who interviews only whites because her last two white hires were very
productive
c. François, who does not interview women because he does not want to be around
them
d. Bessie, who does not interview women because the last two she hired were
unproductive
c. François, who does not interview women because he does not want to be around
them
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Based on the idea of opportunity cost, which of the following students would be most likely to drop out of college before completing their degree?
a. a senior mathematics major with a solid B average b. a junior physical therapy student who has just read about the fantastic job offers available to students with degrees in her area c. a star college football player in his junior year that just received a $5 million offer from a professional team d. a junior economics major who wants to attend graduate school
Why is P3 below P2 instead of above it?
a. New producers enter the industry and supply expands, driving down price.
b. Increased demand for inputs causes input prices to rise and output prices to fall.
c. Quantity decreases overall but demand drops, driving down price.
d. Demand shifted too far right and could not be sustained, so it shifted left again.
Which of the following statements is true?
A. The use of 2SLS is applicable to simultaneous equations model with at most two equations. B. Identification of simultaneous equations with three or more equations is based on matrix algebra. C. 2SLS method used in the estimation of simultaneous equations is an example of a system estimation method. D. The maximum number of equations permissible for a simultaneous equations model is four.
An increase in net exports shifts the aggregate demand curve to the left.
a. true b. false