In the United States, some groups have higher incomes than others. Which of these would be considered discrimination?
A. English professors, who are more likely to be female than engineering professors, are paid less than engineering professors.
B. A male employee is paid more than an equally qualified female employee because the male employee is a manager and the female employee is not.
C. White candidates for a job opening are consistently preferred over equally qualified black candidates for the same position.
D. College-educated employees are consistently paid more than employees without a college education.
Answer: C
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Data on after-tax income and consumption spending for the Smith family are given in the table below.After-tax IncomeConsumption Spending$9,000$18,10014,00022,60019,00027,10024,00031,600Based on these data, the Smith family has a marginal propensity to consume of
A. 0.75. B. 0.8. C. 0.6. D. 0.9.
In the figure above, the number of unemployed workers is
A) 4,000. B) 3,000. C) 2,000. D) 5,000. E) zero.
If revenue in the short run is sufficient to offset variable costs but not all fixed costs, what should the firm do?
What will be an ideal response?
Which of the following statements is accurate?
a. When unplanned inventory changes are positive, GDP is below its equilibrium value b. When unplanned inventory changes are negative, GDP is above its equilibrium value c. When unplanned inventory changes are positive, GDP is at its equilibrium value d. When unplanned inventory changes are negative, GDP is below its equilibrium value e. None of the above