Regarding wage differences among various groups of workers — blacks and whites, men and women, etc. — most economists believe that
a. no such differences are evident from the available data.
b. most of the differences are attributable to discrimination.
c. some of the wage differences are attributable to discrimination, but there is disagreement about how much.
d. none of the differences are attributable to discrimination.
c
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In an oligopoly market, there is (are) ________ seller(s)
A) one B) a few C) many D) very many
Depending on the relative size of the federal government's expenditures and tax revenues, the federal government's budget can be in three possible conditions
What are the three possible conditions and what is the relationship of federal government expenditures and tax revenues for each?
In the long-run equilibrium in a perfectly competitive market,
A) the firms make an economic profit. B) the firms' owners make a normal profit. C) the average total cost is maximized. D) marginal cost is at a minimum.
An American good with a price tag of $89 costs 809 pesos. The exchange rate must be approximately
A) $11.00 = 1 peso B) $0.11 = 1 peso C) $0.89 = 1 peso D) $0.09 = 1 peso E) none of the above