The fact that Jackie received a higher raise than did Jamie, while processing 12 percent more customers at her bank teller line, is evidence of wage discrimination
a. True
b. False
Indicate whether the statement is true or false
False
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A consumer has a monthly income of $100 that he wants to spend on two goods: rugs priced at $10 and chairs priced at $5
What is the consumer's opportunity cost of buying a rug? What is his opportunity cost of buying a chair? Use a table to represent the consumer's budget constraint.
Economists use the mechanism of supply and demand to study
A. inflation. B. unemployment. C. environmental protection. D. All of these responses are correct.
What are some of the problems with using the leading indicators to forecast recessions? If you were a policymaker, would you rely on them?
What will be an ideal response?
Economic profit equals accounting profit minus
A) explicit costs. B) implicit costs. C) fixed costs. D) variable costs.