Economists are skeptical that discrimination is employer driven because
a. discrimination cannot exist in markets.
b. employers are not really interested in maximizing profit.
c. employers typically base wages paid on the prevailing market wage.
d. holding productivity constant, a profit-maximizing employer will hire the cheapest labor available.
d
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What does the deadweight loss from monopoly measure?
What will be an ideal response?
A fiscal policy that changes over time as economic conditions change is considered to be time inconsistent
a. True b. False Indicate whether the statement is true or false
For which of the following goods is the income elasticity of demand likely highest?
a. natural gas b. doctor's visits c. hamburgers d. boats
When an employer that controls the demand for labor opposes a union that controls the supply of labor, it is called a ________________.
Fill in the blank(s) with the appropriate word(s).