If, in the experience of a manager of a large company who hires for hundreds of positions per year, whites are more likely than blacks to leave within a year, then a manager who hires only blacks to save money is
A. perfectly within his rights.
B. employing statistical discrimination and violating the law.
C. violating the law.
D. employing statistical discrimination.
Answer: C
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As of July 2012, the 12 month CPI inflation rate was 1.4 percent and the 12 month core CPI inflation rate was 2.1 percent. The difference between these two measurements of inflation indicates
A) prices for food and fuel grew less rapidly than prices for other goods. B) prices for food and fuel grew more rapidly than prices for other goods. C) the underlying inflation rate was lower than the overall inflation rate. D) hyperinflation.
Diseconomies of scale are illustrated by:
A) a downward sloping long-run average cost curve. B) a flat long-run average cost curve. C) an upward-sloping long-run average cost curve. D) an upward-sloping short-run average total cost curve.
Which of the following is the most popular instrument for financing Islamic investments?
a. Murabaha b. Mortgage c. Microfinance d. Riba e. Mudaraba
If the government tried to implement a total ban on pollution: a. output prices would decrease
b. output prices would increase. c. production would increase. d. production would be unchanged.