Incomes for adults vary widely across race and gender in the United States. These differences could be due to:
A. discrimination.
B. education.
C. choice of occupation.
D. All of these can explain the differences.
D. All of these can explain the differences.
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For-profit producers will produce only private goods because
A) buyers will be willing to pay for the goods since the benefits are excludable. B) all external benefits can be internalized using market prices. C) the cost of production can be easily determined. D) markets exist for private goods but not for public goods.
If two variables B and V are positively correlated, B ________ when V ________
A) goes up; goes down B) goes up; goes up C) goes down; goes up D) remains unchanged; goes up
The process of converting a future amount of money into its value today is called
A) trending. B) depreciation. C) discounting. D) compounding.
Workers laid off as a result of a recession suffer
A) structural unemployment. B) seasonal unemployment. C) natural unemployment. D) cyclical unemployment. E) frictional unemployment.