Crime victims in the U.S. are disproportionately
A. legal immigrants.
B. whites.
C. minorities.
D. Asian-Americans.
Answer: C
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Sales agents being paid a fixed commission on the sales are more likely to
a. Tell their bosses that they need to price higher to make sales b. Tell their bosses that they need to price lower to make sales c. Not say anything to their boss d. None of the above
Suppose that in the absence of trade, the U.S. price for bicycles was higher than the world price for bicycles. Would allowing international trade mean that the United States would import or export bicycles? Who in the United States would benefit and who would lose with a free trade policy, and would the gains be greater than the losses?
Two equations form a nonnested model when:
A. one is logarithmic and the other is quadratic. B. neither equation is a special case of the other. C. each equation has the same independent variables. D. there is only one independent variable in both equations.
Suppose there are a series of forest fires that affect the lumber industry while, at the same time, consumers demand more wooden furniture. The wooden furniture market would experience
A. A decrease in price and an indeterminate change in quantity. B. An increase in quantity and an indeterminate change in price. C. An increase in price and an indeterminate change in quantity. D. An increase in price and an increase in quantity.