The segregation of Hispanic students is somewhat less than those of black students
Indicate whether the statement is true or false
F
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How might a U.S. federal budget surplus affect the balance of trade? (Assume exchange rates are stated in terms of foreign currency per U.S. dollar.)
A) A federal budget surplus raises interest rates, which raises exchange rates, and increases the balance of trade. B) A federal budget surplus reduces interest rates, which raises exchange rates, and reduces the balance of trade. C) A federal budget surplus raises interest rates, which raises exchange rates, and reduces the balance of trade. D) A federal budget surplus reduces interest rates, which reduces exchange rates and increases the balance of trade.
Explain why on average the profit levels for invention and entrepreneurship are generally so low
Answer the following statement(s) true (T) or false (F)
1. Public choice economists feel that government activities are the result of individual behaviors. 2. Competition has been eliminated from the public sector. 3. The individual consumption–payment link is created by majority rule. 4. Most voters are extremely liberal or extremely conservative. 5. Ideally, voters in a democracy should know about the candidates and the issues.
Ability bias can arise when estimating compensating wage differentials associated with various job characteristics. What is ability bias in this context?
A. High-skilled workers are likely to have higher wages than unskilled workers but to have worse job amenities. B. High-skilled workers are likely to have higher wages than unskilled workers, but they are also likely to trade some of their higher wages for better job amenities. C. High-skilled workers are likely to have lower wages than unskilled workers but to have better job amenities. D. Low-skilled workers are likely to have low wages but good job amenities. E. High-skilled workers are likely to have high wages but poor job amenities.