Which of the following is the clearest evidence of employment discrimination against minority employees?
a. The mean number of years of schooling of minority workers is lower than that of whites.
b. The average hours worked by minority employees exceeds the hours worked by whites.
c. The average wages of minority workers are lower than the average wages of whites.
d. The average wages of minority employees are lower than the average wages of whites with similar productivity characteristics.
d. The average wages of minority employees are lower than the average wages of whites with similar productivity characteristics.
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Which of the following will be most likely to cause the production possibilities curve for a country to shift inward?
a. an increase in the labor force b. an increase in unemployment c. development of an improved technological method of production d. a decrease in the stock of physical capital
The income tax is:
A. an automatic stabilizer because income tax revenues fall as income increases, accelerating an economic expansion. B. an automatic stabilizer because income tax revenues rise as income increases, slowing an economic expansion. C. not an automatic stabilizer. D. an automatic stabilizer because income tax revenues rise as income increases, accelerating an economic expansion.
The short-run market supply curve shows the relationship between the market price and the quantity supplied in the short run.
Answer the following statement true (T) or false (F)
Of the different types of businesses, a ________ has the most government rules and the most government regulations affecting it
A) sole proprietorship B) corporation C) partnership D) All of the above are subject to the same amount of rules and regulations.