Assume that empirical evidence shows a difference in mean earnings between two groups, say, majority and minority workers. What conclusion may be drawn?
a. The group with the lower earnings is being discriminated against.
b. Any of the above statements could, either partially or entirely, explain this difference.
c. The group with the lower earnings is less productive.
d. The group with the lower earnings has less human capital.
b. Any of the above statements could, either partially or entirely, explain this difference.
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John receives a marginal benefit of $80 from one missile. Nick receives a marginal benefit of $50 from one missile. Christina receives a marginal benefit of $65 from one missile. John, Nick, and Christina are the only people in the economy
What is the economy's marginal social benefit from one missile? A) $50 B) $65 C) $80 D) $195
Irving R. Associates is granted a patent for a new product for which there are no close substitutes. Which of the following must be true at the profit-maximizing quantity?
a. Price is equal to marginal cost. b. Average revenue is equal to marginal cost. c. Marginal revenue is positive. d. Marginal revenue is less than marginal cost. e. Price is greater than average revenue.
According to Darity and Myers
A. black men are becoming increasingly marginal to our economy. B. the basic cause of poverty is welfare dependency. C. the best solution to poverty is the negative income tax. D. as our economy continues to expand, black poverty will decline.
The average tariff rate in the US today is about 40 percent, but it was only 1.6 percent in 1946
Indicate whether the statement is true or false