Statistical discrimination is legal under the disparate impact standard but illegal under the treatment standard
a. True
b. False
Indicate whether the statement is true or false
False
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Collusion occurs when
A) there is an agreement among firms to charge the same price or otherwise not to compete. B) firms refuse to follow their price leaders. C) a firm chooses a level of output to maximize its own profit. D) two firms' price and output decisions come into conflict.
In November 2008, the Fed began its first round of quantitative easing. In total, the Fed conducted ________ rounds of quantitative easing before ending the program in October 2014
A) 2 B) 3 C) 4 D) 5
The value of any resource depends on the value of what it produces, so resource demand is said to be:
a. derived from the demand for the product the resource produces. b. derived from the revenue of the product the resource produces. c. derived from the total cost of the product the resource produces. d. derived from the supply of the product the resource produces.
Refer to Figure 3.1. Which graph best represents the total benefit of an activity?
A. A
B. B
C. C
D. D