From a social standpoint, the immediate effect of discrimination is that society ________ the talents and abilities at its disposal, and this makes everybody ________, on average
A) overuses; richer
B) overuses; poorer
C) fails to use; richer
D) fails to use; poorer
D
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The quantity of financial capital supplied at any given time must _______ the quantity of financial capital demanded for purposes of making investments; however, the makeup of these items will determine the national saving and investment identity.
a. reduce b. exceed c. equal d. add to
The monetary aggregate, M1, increases when
A) an individual cashes a check written by a business. B) an individual purchases clothes with a debit card. C) an individual switches funds from a savings account to a checking account. D) an individual buys groceries with a credit card.
Suppose a fast food restaurant was one of many hiring workers, the minimum wage was $7.25 an hour, and it was paying $7.25 an hour to new employees. Suppose a worker earns a $0.75 raise to $8.00 an hour. Now suppose the minimum wage rises to $8.25 and hour. This worker would be paid
A. $8.00 an hour. B. $9.00 an hour. C. $8.25 an hour. D. somewhere between $8.25 and $9.00 an hour depending on the policies of the restaurant.
The cross-price elasticity of demand between good X and good Y is -3. Given this information, which of the following statements is true?
A. The demand for goods X and Y is elastic. B. Goods X and Y are complements. C. Goods X and Y are substitutes. D. The demand for goods X and Y is income elastic.