Customer discrimination results in
A. a segregated workforce.
B. lower wages for the discriminated against worker group.
C. a lower output price regardless of who the firm hires.
D. lower firm profits.
E. All of these are results of customer discrimination.
Answer: B
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Due to the fact that Curly used his frequent flyer miles to fly to visit Moe, Curly told Moe that it didn't cost him anything to visit. Is Curly correct?
A. Yes, because Curly could stay at Moe's house for free. B. No, because Curly had to pay for earlier trips in order to earn the frequent flyer miles. C. No, because Curly could have used his frequent flyer miles to go somewhere else instead. D. Yes, because Curly's frequent flyer miles made the trip free.
The slope of the Phillips curve in the United States was smallest during which period?
A) 1985-2012 B) 1970-1984 C) 1947-1969 D) 1776-1800
Our health care costs are about _____ percent of our GDP.
A. 5 B. 11 C. 17 D. 20
A risk-averse investor compared to a risk-neutral investor would:
A. require a higher risk premium for the same investment as a risk-neutral investor. B. place less focus on expected return than the risk-neutral investor. C. place more focus on expected return and less on return than the risk-neutral investor. D. offer the same price for an investment as the risk-neutral investor.