When state universities charge higher tuition fees to out-of-state students than to local students, the universities are practicing
A) first-degree discrimination.
B) second-degree discrimination.
C) third-degree discrimination.
D) fourth-degree discrimination.
C
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According to Okun's Law, the year-to-year change in the rate of unemployment is ________ if the annual growth rate of real GDP is 5%
A) -5% B) 5% C) 2% D) -1%
Explain how the labor force participation rate and the unemployment rate change in a recession
What will be an ideal response?
One possible reason the U.S. income distribution has become more unequal is
A) information technology has decreased the demand for unskilled labor. B) information technology has increased the demand for unskilled labor. C) information technology has increased the supply of unskilled labor. D) information technology has decreased the supply of unskilled labor.
The questions of what to produce, how to produce, and for whom are answered by
a. free-market economies. b. economies that are a mixture of planning and markets. c. command economies. d. all economic systems in some manner.