Explain the role that consumers play in perpetuating discrimination in labor markets
Consumers are able to exercise their biases when they purchase goods and services. For example, if consumers prefer to have female personal trainers than male personal trainers, then firms may respond to these preferences by paying a higher wage to attract female personal trainers. The higher wage paid to women based solely on their gender (or the lower wage paid to male trainers based solely on their gender) would be an example of discrimination driven by consumer preferences.
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Which of the following shifts the demand for money curve?
i. change in the nominal interest rate ii. change in real GDP iii. change in the price level A) i only B) ii only C) iii only D) ii and iii E) i, ii, and iii
Deposits held by commercial banks are insured by the:
A) Federal Trade Commission. B) Federal Deposit Insurance Corporation. C) Federal Communications Commission. D) Resolution Trust Corporation.
One type of economic regulation often used in the United States by various public utility commissions allows prices to reflect only the actual cost of production and no monopoly profits. This type of economic regulation is known as
A) rate-of-return regulation. B) cost-of-service regulation. C) price per constant-quality-unit regulation. D) creative response regulation.
Public goods are usually provided by:
a. private industry. b. the government. c. private citizens. d. internal markets e. local industry.