The discouraged worker effect reflects
A. an increase in the labor force.
B. a decline in the measured employment rate.
C. a decrease in the population.
D. an increase in the measured employment rate.
Answer: D
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In the research that used the audit method to send out 5,000 realistic-looking resumes for advertised jobs in Boston and Chicago, the results show that improving your resume by acquiring new skills and job experience appears to
A) matter for whites and for blacks. B) not matter for whites or blacks. C) matter for whites but not for blacks. D) matter for blacks but not for whites.
In which of the following situations is the principal-agent problem least likely to occur?
a. a hospital stay b. a doctor's visit c. a bartender serves you at the bar d. your TV is repaired e. a stockbroker calls with financial advice
The IRS receives approximately
a. 80 percent of the taxes owed b. 50 percent of the taxes owed c. 40 percent of the taxes owed d. 20 percent of the taxes owed e. 10 percent of the taxes owed
How does elasticity affect a company's pricing policy?
(A) If demand is unitary elastic, the company knows that a decrease in price would decrease total revenues. (B) If demand is unitary elastic, the company knows that an increase in price would increase total revenues. (C) If demand is elastic at the current price, the company knows that an increase in price would reduce total revenues. (D) If demand is inelastic at the current price, the company knows that an increase in price would reduce total revenues.