Discrimination that occurs because someone does not like a personal characteristic of another person is called ________, and discrimination that occurs because someone assigns the properties of a group to an individual who is a member of that group is called ________.
Fill in the blank(s) with correct word
taste-based discrimination; statistical discrimination
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Under the U.S. Constitution, each state gave up its right to issue money, borrow, levy taxes and regulate the value of money on behalf of national efforts
Indicate whether the statement is true or false
Collusion is a situation where businesses:
A. act in their own self-interest and ignore what the other businesses are doing. B. have noncooperative outcomes, because they compete outside the public eye. C. agree to cooperate, and the U.S. government works hard to encourage this behavior. D. agree to cooperate, and their behavior does not serve the public interest.
The difference between the equation of exchange and the quantity theory of money is that the
A. equation of exchange assumes that the level of real GDP is constant. B. quantity theory of money assumes that the Fed has no control over the money supply. C. equation of exchange assumes that the level of nominal GDP is constant. D. quantity theory of money assumes that velocity is virtually constant.
The Security Market Line depicts the relationship between the:
A. average expected rate of return on stocks and the average expected rate of return on bonds. B. average expected rate of return of a financial asset and the discount rate. C. risk level of a financial asset and the prime interest rate. D. average expected rate of return and risk level of a financial asset.