What are four types of labor market discrimination?
What will be an ideal response?
First, there is wage discrimination when one racial or ethnic group is paid less than another group. Second, employment discrimination occurs as a consequence of the concentration of minorities or women in certain occupations. Employment practices often result in minorities being the last hired and the first fired. Third, human capital discrimination is the result of poorer education or less training provided for minorities in school or business. Finally, there is occupational discrimination that prevents minorities or women from entering certain occupations that might be higher paying or offer better benefits to workers.
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Suppose a McDonalds Big Mac costs $4.40 in the United States and 3.30 euros in the euro area and 5.72 Australian dollars in Australia. If exchange rates are .75 euros per dollar and 1.3 Australian dollars per dollar, where does purchasing-power parity hold?
a. both the euro area and Australia b. the euro area but not Australia c. Australia but not the euro area d. neither the euro area nor Australia
The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
A decrease in quantity demanded is given by a(n):
a. downward shift of the demand curve.
b. upward shift of the demand curve.
c. downward movement to the right along the demand curve.
d. upward movement to the left along the demand curve.
e. downward shift of both demand and supply curves.
Banks create money when they:
A. allow loans to mature. B. accept deposits of cash. C. buy government bonds from households. D. sell government bonds to households.