Of the four groups listed below, the highest unemployment rate is typically experienced by:
A. females as a group.
B. males as a group.
C. teenagers.
D. persons who completed 1-3 years of high school.
Answer: C
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The account that records foreign investment in the United States minus U.S. investment abroad is the
A) capital and financial account. B) official settlements account. C) current account. D) U.S. official reserves account.
The combination of psychology and economics to determine individual decision making is known as
A) behavioral economics. B) psychonomics. C) the rule of thumb. D) positive analysis.
If Stephanie buys a laptop for $700 and the maximum she would have paid was $1,000, which of the following is true?
a. Stephanie received consumer surplus of $1,000. b. Stephanie received producer surplus of $700. c. Stephanie received a consumer surplus of $700. d. Stephanie received a consumer surplus of $300.
If Hispanics are paid less than their marginal product, then
a. cooperation among firms can perpetuate this wage discrimination. b. employers can engage in discrimination at zero cost. c. nondiscriminating firms will hire more Hispanics. d. whites will be paid compensating differentials.