What type of economic conditions are summarized by the variable a?
A) conditions other than changes in capital and labor that change productivity
B) urbanization
C) governmental regulations
D) All of the above
D
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Use the following graph to answer the next question.
The perfectly competitive firm's supply curve is the
A. MC curve at and above G. B. MC curve at and above F. C. MC curve at and above H. D. MC curve at and above J.
One way fiscal policy affects aggregate demand is:
A. directly through government spending. B. directly through tariffs. C. directly through taxation. D. All of these are true.
Which of the following statements reflects a situation in which there are external benefits?
A. John's decision to get vaccinated for smallpox reduces the chances that his neighbor Pete will get smallpox. B. John paints his house and cleans his paintbrushes in the nearby stream. C. John sells his car to his neighbor Pete at half the first-hand price. D. John pays 5 percent of his income as taxes.
If a restaurant hired only men to be bartenders because that is the way their patrons wanted it, this would be an example of
A. rational discrimination. B. statistical discrimination. C. adverse impact discrimination. D. disparate treatment discrimination.