Which statement is true?
A. Employment discrimination has ceased to exist.
B. Women working full time now earn virtually the same amount as men.
C. The poverty rate for blacks and Hispanics is three times the poverty rate for whites.
D. Property income is mainly paid in the form of rent.
C. The poverty rate for blacks and Hispanics is three times the poverty rate for whites.
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Refer to Goods X and Y. If the indifference curves are horizontal, then we can conclude that
Assume that good X is on the horizontal axis and good Y is on the vertical axis in the consumer-choice diagram. PX denotes the price of good X, PY is the price of good Y, and I is the consumer's income. Unless otherwise stated, the consumer's preferences are assumed to satisfy the standard assumptions. a. X does not affect the individual’s utility. b. Y does not affect the individual’s utility. c. both X and Y affect the individual’s utility. d. neither good affects the individual’s utility.
People who want to work but have stopped looking for work because they could not find jobs after actively searching are called
A) empowered. B) employed. C) discouraged workers. D) unemployed.
International trade has the potential to ____ the availability of goods and services to ____
a. increase; those nations who export more than they import b. increase; nations that have an absolute advantage in the production of a good or service c. increase; all nations d. decrease; all nations
If there is an increase in the price of oil, then
a. unemployment rises. If the central bank tries to counter this increase, inflation rises. b. unemployment rises. If the central bank tries to counter this increase, inflation falls. c. unemployment falls. If the central bank tries to counter this decrease, inflation falls. d. unemployment falls. If the central bank tries to counter this decrease, inflation rises.