Requiring new 16-year-old teenage male drivers to pay more for auto insurance than their 16-year-old female counterparts is an example of
A. adverse impact discrimination.
B. comprehensive discrimination.
C. statistical discrimination.
D. disparate treatment discrimination.
Answer: C
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What will be an ideal response?
A year-long drought that destroys most of the summer's crops would be considered a:
A. short-run supply shock. B. long-run demand shock. C. long-run supply shock. D. short-run demand shock.
A demand-pull inflation can be described as ________ shifts in the AD curve and ________ shifts in the SAS curve.
What will be an ideal response?
In the country of Darrowby, net domestic income at factor cost is $2.0 million. Gross domestic product is $3.0 million, and depreciation is $0.5 million. Indirect taxes less subsidies ________
A) are $1 million B) are $0.5 million C) cannot be calculated D) are -$0.5 million