Wrongful employment discrimination:
a. occurs when employers make hiring, promotion, and pay decisions based on factors unrelated to worker productivity
b. in competitive markets, puts the discriminating employer at a competitive disadvantage
c. both of the above
d. neither of the above
Ans: c. both of the above
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The figure above shows Ilene's budget line. The price of a can of cat food is $2. If the price of a can of cat food rises, her budget line will
A) rotate inward toward the origin. B) rotate outward away from the origin. C) shift leftward in a parallel manner. D) shift rightward in a parallel manner.
The wealthy nations of the world have
A. the largest populations. B. more supplies of natural resources. C. more supplies of capital. D. larger labor forces.
One basic difference between "land" and "capital" resources is that land is:
A. Manufactured while capital is man-made B. Unlimited while capital is limited C. Natural while capital is man-made D. Limited while capital is unlimited
A change in technology that shifts the firm's total product curve upward without changing the quantity of capital used
A) shifts the average total cost curve upward. B) shifts the average total cost curve downward. C) does not change the cost curves. D) shifts the marginal cost curve upward.