Audit studies suggest that there may be stark differences in the opportunities available to minorities and women, yet regression analyses suggest that people of every color and gender earn what they can expect to earn, given their characteristics
Indicate whether the statement is true or false
TRUE
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What role does information cascade play in job interviews?
What will be an ideal response?
The gains from free trade are enjoyed by a ________ number of people and the costs of free trade are imposed by ________ number of people
A) small; large B) large; small C) small; small D) large; large
The Continental Congress faced several constraints in its effort to finance the Revolutionary War. The largest source of funds for the War was:
a. excise taxes. b. domestic bond sales. c. borrowing from foreign powers, such as France. d. printing money.
Ethan enjoys buying books and going to the movies. He has income of $150 to spend on these two goods each month. The price of a book is $15 and the price of going to the movies is also $15. He currently consumes four books and six movies a month. If the price of a book increases to $20, then:
A. the substitution and income effects would both predict Ethan would consume more of both goods. B. the substitution and income effects would both predict Ethan would consume less of both goods. C. the substitution effect would predict Ethan would consume more books and less movies, and the income effect would predict he would consume less of both. D. the substitution effect would predict Ethan would consume less books and more movies and the income effect would predict he would consume less of both.