Economic discrimination takes place when an employer
A) pays workers the lowest wage possible.
B) pays workers compensating wage differentials.
C) pays lower wages to workers who are not as productive as other workers.
D) pays workers different wages on the basis of some arbitrary characteristics of workers that are irrelevant to the job performed.
D
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The total of all planned production for the entire economy is known as
A) aggregate inflation. B) aggregate supply. C) aggregate expenditures. D) aggregate demand.
The supply of beach front property on St. Simon's Island is
A) elastic. B) unit elastic. C) negative. D) inelastic. E) perfectly elastic.
Which of the following is an example of a worker experiencing cyclical unemployment?
A) an assembly line worker who loses his job because of automation B) a worker who quits his job because he does not get along with his boss C) a worker who changes jobs to move closer her family D) a lifeguard who was hired during the summer season is laid off after summer is over E) a freightliner employee that got laid off because of the recession of 2007-2009
The purchasing power of money increases when
A. the inflation rate increases. B. there is deflation. C. there are more dollars in the economy. D. there is inflation.