Which of the following statements is not correct?
a. Competitive markets tend to limit the impact of discrimination on wages.
b. Differences in earnings of whites and blacks or men and women provide clear evidence of discrimination.
c. Some differences in earnings are attributable to discrimination based on race, sex, or other factors.
d. Profit-maximizing behavior can reduce discriminatory wage differentials.
b
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Refer to the figure below. In this game, how many dominant strategies does Player B have?
A. 0 B. 4 C. 2 D. 1
The Car Allowance Rebate System (CARS)
a. was launched as a stimulus program by the Reagan administration b. was introduced under the Consumer Assistance to Recycle and Save Act of 2009 c. is currently available to purchasers of plug-in hybrids d. was the first-ever Vehicle Accelerated Vehicles Retirement (VAVR) program
Refer to the scenario above. What is the nominal GDP of the economy in 2012?
A) $47,000 B) $56,000 C) $55,000 D) $49,500
Which of the following is an example of specialization?
A) The output of workers in a chocolate factory doubled when a new manager was appointed. B) The cost of production of a light bulb making factory decreased as its capacity increased. C) Instead of a worker making an entire shoe, the total productivity increased when different workers were allotted different jobs in the production process. D) Import of better technology and machinery from developed countries greatly increased the number of laser printers that a company was manufacturing.