Minority workers are hired less often, for fewer hours, for less desirable jobs, and at lower wages
Indicate whether the statement is true or false
T
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Protecting air quality by establishing identical low limits on noxious discharges for all firms is a questionable policy because
A) a little pollution from many sources adds up to excessive pollution. B) by allowing firms to pollute at all it sacrifices the community's interest to private profit. C) it does not allow high-cost air polluters to exceed the air pollution limits. D) it tolerates preventable air pollution. E) no one knows the possible side effects of the discharges.
Suppose that the Consumer Price Index increased from 100 to 120 between 2011 and 2012. Your nominal wages rose during the same period from $200 a week to $260. By how much did your real income rise?
a. 30 percent b. 16.7 percent c. 8.33 percent d. 12 percent
Based on the graph showing the run-up of nominal home prices, between 2000 and 2006, home prices increased at______.
a. about the same pace they always had
b. a much slower pace than they always had
c. a much faster pace than they always had
d. a slightly faster pace than they always had
If a competitive firm is in short-run equilibrium, then
A) profits equal zero. B) it will not operate at a loss. C) an increase in its fixed cost will have no effect on profit. D) an increase in its fixed cost will have no effect on output.