If customer discrimination does not exist, firms that discriminate on the basis of race or sex will
A) have higher costs than those that do not.
B) have the same level of costs as those that do not.
C) have lower costs than those that do not.
D) tend to survive whereas firms that do not discriminate will tend to fail.
A
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The real business cycle school of thought is generally viewed as controversial because
A) it blames unemployment on immigration. B) it contradicts classical economic thought. C) critics find it difficult to understand how many of the post-World War II recessions could be explained by adverse changes in technology. D) all of the above.
A major cause of the Great Recession was:
a. A severe increase is U.S. banking regulations that prohibited or stalled the free market. b.Excessive foreign exchange speculation. c. Contractionary fiscal policies. d. Excessive money creation by the Federal Reserve immediately before and during the downturn. e. A shift from an "originate-to-hold" to an "originate-to-distribute" mortgage origination strategy.
An unincorporated company owned by two or more people
What will be an ideal response?
Which of the following is NOT a characteristic or focus of microeconomics?
A. individual consumers. B. analysis of aggregate economic variables C. individual markets D. firm behavior