Statistical discrimination:
A. is always a legal solution to information asymmetry.
B. is an irrational response to information asymmetry.
C. can limit the opportunities of individuals just because they happen to belong to a certain group of people.
D. All of these statements are true.
Answer: C
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The circular flow shows that the household sector earns its income by
A) selling factors of production. B) buying factors of production. C) selling goods and services. D) selling financial assets.
Suppose that the capital stock initially is 1000, the depreciation rate is 0.06, and net growth of the capital stock is 120. This makes investment equal to
A) 180. B) 60. C) 127.2. D) 112.8
Which of the following is not an example of a crime contemplated by the rational criminal model?
A. Murder for hire B. Spousal abuse C. Car theft D. Insurance fraud
What is the typical shape of a total product curve?
a. An S-shape b. A U-shape c. An inverted U-shape d. A constantly increasing line e. A constantly decreasing line