Of the following, which can be legal in hiring?
A. adverse impact discrimination
B. statistical discrimination
C. rational discrimination
D. disparate treatment discrimination
Answer: A
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Average total cost decreases with an increase in output because:
A) the total variable cost decreases with an increase in output. B) the average fixed cost decreases with an increase in output. C) the marginal cost of production increases with an increase in output. D) diminishing marginal returns sets in after a particular level of production.
Refer to Table 9-18. Looking at the table above, what is the rate of growth of real average hourly earnings from 2015 to 2016?
A) 7.8% B) 6.25% C) 4% D) -4%
If the Fed conducted an open market sale of bonds, what would most likely happen in the bond market?
a. The excess demand for bonds would cause the price of bonds to fall. b. The excess supply of bonds could cause the price of bonds to rise. c. There would be no effect in the bond market. d. The excess supply of bonds would cause the price of bonds to fall. e. The excess demand for bonds would cause the price of bonds to rise.
Suppose the government of South Island has fixed the value of its currency, the Islandia, at $0.50 per Islandia, but the market equilibrium value of the Islandia is $0.25 per Islandia. In order to maintain the official value of the Islandia the Central Bank of South Island must either ________ domestic interest rates or purchase Islandia, which causes the supply of international reserves to ________.
A. lower; decrease B. lower; increase C. raise; increase D. raise; decrease