An employer is prejudiced, prefers to hire white rather than Hispanic workers, and is willing to pay higher wages to obtain white workers. This illustrates:
A. reverse discrimination.
B. the crowding model.
C. the taste-for-discrimination model.
D. statistical discrimination.
Answer: C
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According to the crowding-out effect, if the government runs a budget deficit of $100 billion, what is the change in the equilibrium quantity of investment?
What will be an ideal response?
A closed economy is a national economy that
A) doesn't interact economically with the rest of the world. B) has a stock market that is not open to traders from outside the country. C) has extensive trading and financial relationships with other national economies. D) has not established diplomatic relations with other national economies.
Empirical evidence indicates that security returns have
A) greater probability of exceeding expected value yields. B) greater probability of yielding below expected value returns. C) a symmetrical probability distribution. D) a probability distribution that cannot be measured.
Which of the following is a major area of study for economists?
a. How countries choose national leaders b. The design of recycling water c. The best way to design a nature reserve d. How people make decisions