When a group is discriminated against, its
A) wages fall but its employment does not.
B) employment and its wages decrease.
C) employment decreases but its wages do not.
D) employment and its wages are unaffected.
B
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According to Robert Gordon (1969, 1999), the extraordinary expansion of physical production in 1942–45 was achieved by
(a) massive government investment in new plants and equipment. (b) finally bringing into production manufacturing plants and equipment that had been idle since the early 1930s so that big government investment was not necessary. (c) the Federal Reserve's peg on the bond market, which enrolled the private sector to mobilize the necessary capital to invest in new plant and equipment. (d) none of the above.
The widespread fall in the prices of homes caused consumers to:
A. decrease their spending, as they struggled to pay back debt. B. increase their spending, as they devoted their money to things other than homes. C. decrease their spending, and increase their debts. D. increase their spending, as saving was viewed as a bad investment.
One way the government can encourage economic growth is to:
A. ensure legal agreements will be upheld. B. enforce contracts. C. protect property rights. D. All of these actions will encourage economic growth.
We say that money is a medium of exchange because it represents:
A. something you can use to purchase goods and services. B. something you can directly offer, like any good or service, in exchange for some good or service you want. C. a certain amount of purchasing power held over time. D. a standard unit of comparison.