Statistical discrimination:
A. can persist in the long run if differences in average characteristics among groups continue.
B. will tend to diminish in the long run because nondiscriminating firms will drive out
discriminating firms.
C. requires that employers have discrimination coefficients greater than zero.
D. is also known as occupational segregation.
Answer: A
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In the loanable funds framework, the ________ is measured on the vertical axis
A) price of bonds B) interest rate C) quantity of bonds D) quantity of loanable funds
To test their theories, economists usually have to
A) set up careful laboratory experiments with all variables controlled. B) first examine theory and what has happened in the past in the real world. C) use only models that have a proven record of success. D) anticipate every factor with 100 percent accuracy.
If you are willing to sell your lawn mower business for $355,00 . and someone offers you $420,00 . for it, this transaction will generate:
a. There is no surplus created b. $65,00 . worth of seller surplus and unknown amount of buyer surplus c. $30,00 . worth of buyer surplus and $35,00 . of seller surplus d. $65,00 . worth of buyer surplus and unknown amount of seller surplus
Refer to the information provided in Figure 28.7 below to answer the question(s) that follow.
Figure 28.7Refer to Figure 28.7. Suppose the economy is initially at Point A. A contractionary fiscal policy moves the economy to Point ________ in the short run.
A. E B. B C. C D. D