Critics of affirmative action programs argue that they
a. promote statistical discrimination.
b. impair economic efficiency by preventing firms from freely choosing the most productive employee for a particular job.
c. are not as efficient as quota systems at hiring women and minorities.
d. All of the above are correct.
b
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Explain the connection between property rights and economic growth
What will be an ideal response?
If farmers decide individually whether or not to vaccinate their cattle against mad cow disease, which of the following is true?
a. The equilibrium quantity is too low for efficiency. b. The equilibrium price and quantity are too high for efficiency. c. The equilibrium price is efficient. d. The equilibrium quantity is too high for efficiency. e. The equilibrium price and quantity are efficient.
Depositary receipts traded outside the United States are called ________ depositary receipts.
A) Euro B) Global C) American D) None of the above
According to the law of demand, a demand curve:
a) Is downward sloping. b) Is upward sloping. c) Can slope either upward or downward based on consumer behavior. d) Is a horizontal, or flat, line.