When earnings differentials are adjusted for such factors as age, education, and marital status, the
a. corrected earnings of minority males are greater than those of similar white men.
b. differential between the earnings of white males and those of minority males decreases.
c. differential between the earnings of white males and those of minority males increases.
d. corrected earnings of minority males are equal to those of similar white men.
b. differential between the earnings of white males and those of minority males decreases.
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The foreign exchange market is
A) a market in which exchange rates are allowed to fluctuate in the open market in response to changes in supply and demand. B) the increase in the exchange value of one nation's currency in terms of an other nation. C) a market in which households, firms, and governments buy and sell national currencies. D) the decrease in the exchange value of one nation's currency in terms of another nation.
When the unemployment rate rises, college enrollment increases because workers seek to expand training. This is an example of:
A. correlation and causation. B. a negative correlation. C. normative economics. D. macroeconomics.
Wendy retails motor homes, which she buys for a sum that does not vary with the number she purchases from the manufacturer. She can sell 11 per week at $40,000. If she limits sales to 10, she can charge $41,000 each. She will sell 11 per week if the cost of each vehicle is no more than
A. $20,000. B. $30,000. C. $40,000. D. $41,000.
In the federal penitentiary at Lompoc, California, inmates used packages of mackerel to buy items such as haircuts at the prison barber shop and laundry services. What function do these packages of mackerel serve?
A) They functioned as money. B) They served as a corruption deterrent. C) They enabled prison officers to monitor illegal money flows. D) They forced prisoners to engage in barter.