Economic discrimination exists when
A) there is an unequal distribution of income in a country.
B) both income and wealth are unequally distributed in a country.
C) there is unequal access to education.
D) workers with the same marginal revenue products are paid different wages.
D
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Firms are not allowed to ask certain questions during job interviews, including marital status or how many children you have. Why is this the case?
A) People with children are more productive, thus it is unfair if the firm knows this information. B) Firms might use the answers to these questions as a means of statistical discrimination. C) People with children are less productive, thus the firm has no right to this information. D) Such questions violate the privacy clause of the U.S. Constitution.
A U.S. import tariff imposed on steel is likely to: a. increase employment in the U.S. steel industry
b. increase the real incomes of steel users. c. raise the total quantity of foreign and domestic steel sold in the United States. d. increase employment in the economy as a whole.
When the Federal Reserve System buys bonds in the open market, the national debt
A. Must increase as long as the Fed buys only newly issued bonds. B. Must increase. C. Will decrease because the Fed is a government agency. D. Is not affected.
The price of an airline ticket from Denver to Chicago costs $300. A bus ticket costs $150. Traveling by plane takes 2 hours compared with 32 hours by bus. Other things constant, an individual would gain by choosing air travel if, and only if, his time were valued at more than Select one:
a. $2 per hour. b. $4.69 per hour. c. $5 per hour. d. $150 per hour.