Which of the following is true of union membership rates in the United States?
a. The rate for males is greater than the rate for females because there are more males in the service sector.
b. The rate for males is greater than the rate for females because there are more females in the service sector.
c. The rate for whites is greater than the rate for blacks because there are more blacks in the service sector.
d. The rate for blacks is greater than the rate for whites because there are more whites in heavy industry.
e. The rate for blacks is less than the rate for whites because there are more whites in heavy industry.
B
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An artificially scarce good is:
A. rival in consumption and excludable. B. not rival in consumption, but excludable. C. rival in consumption, but not excludable. D. not rival in consumption and not excludable.
User-feedback scores on eBay are an example of:
A. screening. B. building a reputation. C. statistical discrimination. D. None of these statements is true.
Measured as a share of national income, government expenditures on income transfers during the last 70 years have
What will be an ideal response?
The reserve requirement ratio is equal to
A. legal required reserves times the deposit multiplier. B. total checkable deposits times the deposit multiplier. C. total checkable deposits times the excess reserve ratio. D. legal required reserves divided by total checkable deposits.