The practice of making choices using generalizations based on observable characteristics like race, gender, or age is called:
A. discrimination.
B. conditional cash transfers.
C. means-testing.
D. None of these is true.
Answer: A
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Which of the following factors will make it easier for a labor union to increase the wages of its members?
a. a highly inelastic demand for the products produced by the union labor b. a readily available supply of similar products produced by nonunion labor c. low tariffs and strong competition from foreign firms producing the products supplied by the union labor d. a reduction in the demand for the products produced by the union labor
Does the existence of unemployment insurance eliminate the economic costs of unemployment?
What will be an ideal response?
Which of the following helped the U.S. economy recover following the recession of 2001?
a. The U.S. government increased spending to fight the war on terror. b. A series of corporate scandals decreased consumer confidence. c. The U.S. government increased interest rates to boost saving. d. Consumers rapidly increased their purchases and increased aggregate demand.
Figure 7.5
The consumer must decide how to split $20 between spending and saving.Refer to Figure 7.5. If the consumer uses cognition to offset present bias, he/she will maximize utility by ________ consumption and ________ saving.
A. increasing; increasing B. increasing; decreasing C. decreasing; increasing D. decreasing; decreasing