In the taste-for-discrimination model:
A. a decline in discrimination will reduce the actual African-American-white wage ratio.
B. an increase in collective discrimination coefficients of employers will reduce the demand for
African-American workers, decrease the African-American wage, and increase African-
American employment.
C. firms that discriminate will have lower costs than firms that do not discriminate.
D. competitive forces will tend to reduce discrimination in the very long run.
Answer: D
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A) increase; increase B) increase; decrease C) cut; decrease D) cut; increase
Prices of commercial airline tickets (assume that this is a normal good) have fallen in recent months. Over this same period, the price of jet fuel has risen and consumer incomes have fallen
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Refer to Scenario 25-1. M1 in this simple economy equals
A) $1,000. B) $2,000. C) $3,000. D) $8,000.
A tax inversion merger ________ legally reduce the combined firms' taxes and these mergers ________.
A) can; are only horizontal mergers B) cannot; are only vertical mergers C) can; can be horizontal or vertical mergers D) cannot; can be horizontal or vertical mergers