If a law firm prefers to hire men over women because the firm has found men to be more productive, on average, then the firm is practicing:
A. Wage discrimination
B. Reverse discrimination
C. Statistical discrimination
D. Human-capital discrimination
C. Statistical discrimination
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According to the rational expectations hypothesis, individuals form their expectations about future values of economic variables by all of the following EXCEPT
A) past information. B) current information. C) their understanding of how the economy operates. D) formal models of macroeconomics.
In the short run, a trade deficit allows more consumption, but in the long run, a trade deficit is a problem because the:
A. domestic currency will appreciate. B. country eventually will consume more and produce less. C. country eventually has to produce more than it consumes in order to pay foreigners their profits. D. country eventually will sell all its financial assets to foreigners.
Increase the number of patients we see by 10% within the next twelve months.
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An increase in the minimum wage will tend to cause which of the following to occur?
A) an increase in the size of the surplus of labor B) a leftward shift in the demand for labor C) a rightward shift in the supply of labor D) a reduction in the unemployment rate