Which of the following reasons will most likely explain the occurrence of discrimination that is not related to personal prejudice?
a. A desire to avoid associating with certain groups of people
b. A lack of communication skills of workers seeking jobs
c. A lack of information
d. A lack of proper technical expertise
e. Too many people applying for the same job
c
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Consider two countries-country A and B. Both economies are exactly similar in all aspects except for one. There are well-defined property rights in country A, while there are no property rights in country B
Given this information, which of the following statements is likely to be true? A) Economy A is likely to grow faster than economy B. B) Economy B is likely to grow faster than economy A. C) Both economies are likely to grow at the same rate. D) None of the countries is likely to experience any growth in GDP.
What causes an economy to produce a level of output which lies inside the production set?
Whether a subsidy for a certain good is given to a demander or supplier is irrelevant because
a. in either case, the price that the demander has to pay will decrease; while the price the supplier receives will increase b. in either case, the price that the demander has to pay will increase; while the price the supplier receives will decrease c. either situation will create excess demand d. either situation will create excess supply e. none of these are correct
Everyone agrees that the government needs to provide us with more merit goods
Indicate whether the statement is true or false