Firms that operate in competitive product markets and choose to practice discrimination in hiring workers
a. will survive if they increase production and garner a larger market share.
b. will eventually earn zero economic profits.
c. will survive as long as they are willing to have a smaller market share.
d. are likely to eventually go out of business.
d
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The recession of 1982 was largely caused
a. on purpose by the Federal Reserve's decision to raise interest rates to combat inflation. b. on purpose by the Federal Reserve's decision to cut interest rates to combat inflation. c. by accident as a result of the Reagan era tax cuts. d. by dramatically rising oil prices. e. on purpose by the Reagan Administration's decision to raise interest rates to combat inflation.
Carl opens a 5-year CD for $1,000 that pays 3% interest compounded annually. What is the value of the CD at the end of five years?
a. $1,159 b. $1,126 c. $1,300 d. $1,150
Since 1980, our national debt as a percentage of GDP has
A. risen. B. fallen. C. stayed about the same.
Refer to the information provided in Table 30.1 below to answer the question(s) that follow.
Table 30.1
Refer to Table 30.1. From 2015 to 2016 the real wage
A. rises. B. falls. C. stays the same. D. rises then falls.