The taste-for-discrimination model examines an employer's prejudice and discrimination in hiring by using tools of:
A. Demand theory
B. Theory of costs
C. Production theory
D. Profit theory
A. Demand theory
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Which of the following is TRUE about public goods?
A) Consumption is rival and nonexcludable. B) Consumption is nonrival and excludable. C) Efficient provision occurs at the level of output at which total benefit is equal to total cost. D) Unregulated private markets produce less than the efficient quantity of a public good.
When the Fed chooses to target the interest rate target, it loses control over targeting the economy's money supply
Indicate whether the statement is true or false
Suppose that Canada can produce 15 units of timber or 3 units of grain. Suppose that Mexico can produce 6 units of timber or 2 units of grain. Which of the following is CORRECT?
A) Mexico has a comparative advantage in grain production. B) Mexico has an absolute advantage in timber production. C) Canada has a comparative advantage in grain production. D) The countries would find trade mutually beneficial at a trading ratio of 1 grain for 2 timber.
When the monetary policymakers raise the target inflation rate they:
A. in effect move up along the current monetary policy reaction curve. B. in effect shift the monetary policy reaction curve to the left. C. lower the current real interest rate at every level of current inflation. D. raise the current real inflation rate at every level of current inflation.