Statistical discrimination using gender and age:
A. is legal in the insurance market, but not the job market.
B. is legal in the job market, but not the insurance market.
C. is legal in any market, but using race is not.
D. is illegal in any market.
A. is legal in the insurance market, but not the job market.
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Other things held constant, higher saving rates lead to
A) increases in the number of hours workers work. B) decreases in real per capita GDP. C) a lower standard of living. D) higher living standards.
Which of the following is unlikely to occur as a result of a price support program?
A) A reduction in consumer surplus B) A reduction in producer surplus C) An increase in quantity purchased D) An economic cost to government E) Improved economic efficiency
Individuals, firms, and government agencies deplete clean water and clean air because
A. they are excludable resources. B. the cost of doing so has no impact on the environment. C. they are nondepletable. D. there is little to no charge in accessing these resources.
According to the World Bank, ________ people are classified as being in severe poverty.
A. 2.5 billion B. 500,000 million C. 100,000 million D. 800 million