The example of segregated streetcars in the southern United States in the early twentieth century is one example of
a. racial discrimination by firms, despite government efforts to halt it.
b. racial discrimination by firms with no government action either to halt it or to support it.
c. government-mandated racial discrimination.
d. a failure to find any discrimination where most would expect to find it.
c
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Data on after-tax income and consumption spending for the Adam Smith family are given below:After-tax IncomeConsumption Spending9,00015,40014,00018,40019,00021,40024,00024,400Based on these data, the Adam Smith family has a marginal propensity to consume equal to:
A. 0.9. B. 0.75. C. 0.6. D. 0.8.
Discuss the differences between developing and emerging market economies
What will be an ideal response?
If the demand for a good is perfectly elastic, the price elasticity of demand is ________ and the demand curve is ________
A) infinite; vertical B) zero; vertical C) zero; horizontal D) infinite; horizontal
If the aggregate supply curve is steep,
a. increased aggregate demand will not lead to higher prices. b. greater demand for labor will not cause significant wage increases. c. business firms are probably producing near capacity. d. All of the above are correct.