If Hispanics are paid less than their marginal product, then
a. cooperation among firms can perpetuate this wage discrimination.
b. employers can engage in discrimination at zero cost.
c. nondiscriminating firms will hire more Hispanics.
d. whites will be paid compensating differentials.
c. nondiscriminating firms will hire more Hispanics.
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The United States Constitution states that
A. Congress and the President must agree on spending. B. a law must be passed to approve spending for a government activity that Congress and the President agree on. C. a law must be passed to approve spending for a government activity. D. the President may spend money according to his/her own priorities.
A positive externality is the positive effect that:
A. an action has on others that is not taken into account by the decision maker. B. external forces have on society as a whole. C. external forces have on a decision maker. D. an action has on the decision maker.
A charity that used to arrange matching charitable contributions, but no longer does, is likely to ________ the free-rider problem and lead to a ________ level of contribution to the public good.
A. reduce; smaller B. reduce; larger C. increase; smaller D. increase; larger
Refer to the information provided in Figure 32.2 below to answer the question(s) that follow.
Figure 32.2Refer to Figure 32.2. According to ________ economists, under rational expectations an expected decrease in government spending would not change AD or AS.
A. Keynesian B. the new classical C. monetarist D. none of the above