In the United States:
A. African Americans have higher unionization rates than whites.
B. women have higher unionization rates than men.
C. managers have higher unionization rates than transportation workers.
D. workers in mining have higher unionization rates than workers in government.
Answer: A
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There is greater support for active policymaking when
A) price flexibility is common. B) wage flexibility is common. C) pure competition is widespread. D) none of the above.
Suppose a cost function is TC = Aq3 + bq2 + cq + d. Then the average variable cost is
a. Aq2 + bq + cq +d/q b. Aq2 + bq + c c. Aq3 + bq2 + cq d. d
Assuming all excess reserves are loaned out, currency holdings by the public are zero, and a reserve ratio of 25 percent, an initial deposit of $3,000 will lead to a total increase in deposits of
A) $750. B) $2,250. C) $12,000. D) $36,000.
The demand curve for high-skilled workers lies to the right of the demand curve for low-skilled workers because of the costs associated with obtaining skills
Indicate whether the statement is true or false