Suppose you work in a human relations office, and an employee, Ariana, comes to you with a set of statistics she has gathered about your company. Which of these statistics might indicate wage discrimination?
a. Fewer minorities were interviewed than whites.
b. There are ten percent more males than females in management.
c. Female mechanics earn ten percent less than male mechanics.
d. Technicians make fifty percent more than janitors.
c. Female mechanics earn ten percent less than male mechanics.
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Loophole mining refers to financial innovation designed to
A) hide transactions from the IRS. B) conceal transactions from the SEC. C) get around regulations. D) conceal transactions from the Treasury Department.
Governments typically exercise moral judgment in levying excise taxes
Indicate whether the statement is true or false
If the Federal Reserve decided to raise interest rates, it could
a. buy bonds to lower the money supply. b. buy bonds to raise the money supply. c. sell bonds to lower the money supply. d. sell bonds to raise the money supply.
As a student of economics, when you speak of scarcity, you are referring to
A) the ability of society to employ all of its resources. B) the ability of society to consume all that it produces. C) the inability of society to satisfy all human wants because of limited resources. D) the ability of society to continually make technological breakthroughs and increase production.