As applied to gender discrimination, the crowding model of occupational segregation:
A. helps explain why women earn more than men.
B. predicts that men's wages would fall and women's wages would rise if occupational
segregation was eliminated.
C. predicts that domestic output would decline if occupational segregation was ended.
D. predicts that competition will eventually totally end discrimination.
Answer: B
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The quantity supplied of a good:
A) is inversely related to the price of the good. B) is determined irrespective of the market price. C) is always equal to the quantity demanded of the good. D) is the amount of the good that sellers are ready to supply at a given price.
As of July 2012, the 12 month CPI inflation rate was 1.4 percent and the 12 month core CPI inflation rate was 2.1 percent. The difference between these two measurements of inflation indicates
A) prices for food and fuel grew less rapidly than prices for other goods. B) prices for food and fuel grew more rapidly than prices for other goods. C) the underlying inflation rate was lower than the overall inflation rate. D) hyperinflation.
Which of the following will not increase the money supply in the United States?
A) lowering the required reserve ratio B) Fed purchases of government securities on the open market C) lowering the discount rate relative to the federal funds rate D) Fed sales of government securities on the open market E) none of the above
Which of the following is not a contention of advocates of unions?
a. Unions are a necessary antidote to the market power of the firms that hire workers. b. In the case of a "company town," a union may balance the firm's market power and protect the workers from being at the mercy of the firm's owners. c. The introduction of a union benefits all workers in a firm. d. Unions are important for helping firms respond efficiently to workers' concerns.