Average income for adults still varies widely across gender and racial groups in the United States, which tells us:
A. race and gender differences cause differences in income.
B. discrimination causes differences in income across race and gender groups.
C. income is correlated with race and gender.
D. All of these are true.
C. income is correlated with race and gender.
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A White House proposal to lower business taxes by increasing tax deductions is an example of
A) progressive taxation. B) contractionary fiscal policy. C) automatic stabilization. D) expansionary fiscal policy.
In a multiplayer game where there are two equally-enjoyable choices of what to do, and everyone wants to do what everyone else is doing, there will be three Nash equilibria
Indicate whether the statement is true or false
Regarding U.S. antitrust activity, the rule of reason was expressed in the
a. Standard Oil case. b. Robinson-Patman Act. c. Clayton Act. d. ALCOA case.
Which of the following is an advantage of tradable pollution permits?
a. Each firm is allowed to pollute exactly the same amount. b. Revenue from the sale of permits is greater than revenue from a corrective tax. c. The initial allocation of permits to firms does not affect the efficiency of the market. d. Firms will engage in joint research efforts to reduce pollution.