If there is systematic discrimination against a group of workers, then the wage paid to those workers likely will be
a. lower due to a higher supply of workers in that group.
b. lower due to a lower demand for workers in that group.
c. higher due to a lower supply of workers in that group.
d. higher due to a higher demand for workers in that group.
b
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Economists criticize Robinson-Patman acts because
a. Economists are profit maximizers b. Economists promote unemployment c. Economists are against discounting of goods d. Economists feel the act protects competitors rather than the process of competition
A nation's capital consists mainly of stocks, bonds, and other financial assets
a. True b. False Indicate whether the statement is true or false
Suppose a tax of $5 per unit is imposed on a good, and the tax causes the equilibrium quantity of the good to decrease from 200 units to 100 units. The tax decreases consumer surplus by $450 and decreases producer surplus by $300 . The deadweight loss from the tax is
a. $250. b. $500. c. $750. d. $1,000.
The public assistance program that economists believe can promote economic equality at the least cost in economic efficiency is
A. Aid to Families with Dependent Children (AFDC). B. a negative income tax (NIT). C. food stamps. D. Medicaid.