Labor-market discrimination is evident when
a. wages of individuals differ on the basis of some recognizable attribute that is unrelated to productivity.
b. wage rates differ for similar jobs.
c. consumers prefer to shop at some stores, and not at others.
d. wages reflect workers' human capital.
a
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Suppose the United States decides to go back on the gold standard. This should
A) improve the Federal Reserve's ability to target inflation. B) decrease the Federal Reserve's ability to pursue active monetary policy. C) increase the effectiveness of expansionary monetary policy. D) increase the effectiveness of contractionary monetary policy.
Assuming demand is inelastic, if a firm wants to increase its total revenue, it should raise price
Indicate whether the statement is true or false
So long as a monopolist finds itself in the situation where price is greater than average fixed cost at the profit-maximizing (loss-minimizing) level of output, the firm should continue to operate to minimize its losses
Indicate whether the statement is true or false
Magic Cookies Inc made a profit of $800,000 last year and paid $100,000 as taxes. This is an example of a(n) _____
a. capital gains tax b. corporate income tax c. excise tax d. personal property tax