Which of the following explains the differences in earnings by race?
A. differences in productivity
B. racial discrimination
C. differences in education and work experience
D. All of these
Answer: D
You might also like to view...
Appendix: Research suggests that an auction for a private value item will yield the HIGHEST payout if:
a. we use a Dutch auction b. we use an English auction c. we use only cash, and not allow credit cards d. use a fixed price
The price mechanism solves the "for whom" problem by assigning high prices to goods in high demand and letting customers choose whether to purchase them
a. True b. False Indicate whether the statement is true or false
Some say in-kind transfers are inefficient because:
A. some of them get traded in a secondary market, implying inefficient distribution. B. everyone always prefers cash to goods and services. C. it's not what most people want. D. cash transfers allow utility-maximizing individuals to make the best decisions about items they need.
Since the late 1980s:
A. the Soviet socialist economic and political structure has fallen apart. B. the Soviet socialist economic and political structure has spread to other nations. C. the Soviet Union installed Soviet-dominated governments in a number of Eastern European countries. D. socialism has gained popularity among the governments of Eastern Europe.