Customer discrimination against black investment advisers ________ the salaries of black investment advisors and ________ the number of black investment advisers
A) decreases; decreases
B) decreases; does not change
C) does not change; decreases
D) does not change; does not change
A
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In the production possibilities frontier depicted in the figure above, what is the opportunity cost of increasing the production of bananas from two million pounds to three million pounds?
A) 1/2 hat per pound of bananas B) 1 hat per pound of bananas C) 2 hats per pound of bananas D) 3 hats per pound of bananas
In the above figure, the competitive wage rate is ________ and the quantity of labor is ________
A) $7.00; 150 hours B) $8.00; 200 hours C) $6.00; 100 hours D) $8.00; 100 hours
If a hurricane were to wipe out the majority of the eastern seaboard in the United States:
A. neither the short-run nor long-run aggregate supply curves would be affected. B. only the long-run aggregate supply curve would shift left. C. only the short-run aggregate supply curve would shift left. D. the long-run and short-run aggregate supply curves would both shift left.
Which of the following is an explanation for why the AD curve slopes downward?
A. The interest rate effect. B. The laissez faire effect. C. The cost effect. D. The profit effect.