According to evidence provided by the U.S. government, the median black
a. woman is paid roughly the same as the median white woman.
b. woman is paid roughly the same as the median black man.
c. man is paid 21 percent less than the median white man.
d. All of the above are correct.
c
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Everything else being the same, if the interest rate in the United States increases, then in the foreign exchange market the
A) demand for U.S. dollars will remain unchanged. B) demand for U.S. dollars will increase. C) demand for U.S. dollars will decrease. D) supply of U.S. dollars will increase.
The total burden of a tax equals tax receipts plus excess burden.
Answer the following statement true (T) or false (F)
If the price elasticity of supply is zero, then
a. supply is more elastic than it is in any other case. b. the supply curve is horizontal. c. the quantity supplied is the same, regardless of price. d. a change in demand will cause a relatively small change in the equilibrium price.
The marginal cost of providing another viewer with access to HBO is zero. Since only people who pay for HBO can watch it:
A. HBO will not be profitable in the long run. B. more than the socially optimal number of people will have access HBO. C. access to HBO is nonexcludable. D. fewer than the socially optimal number of people will have access to HBO.