A 1990 study of the market for collectable baseball cards suggested
a. there was no evidence of price discrimination on the basis of player position (hitter versus pitcher).
b. markets in which the product price is low are not typically characterized by consumer-driven race discrimination.
c. cards for white players (both hitters and pitchers) were 10 to 13 percent higher than those for comparable black players.
d. cards for black players (both hitters and pitchers) were 10 to 13 percent higher than those for comparable white players.
c
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When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; expand B. increase; raise; decline C. decline; lower; decline D. decline; raise; decline
An employer asking potential employees to interview with them is an example of:
A. statistical discrimination. B. signaling. C. building a reputation. D. screening.
Which of the following is not a component in the two sector circular flow model?
A. Business Sector B. Government Sector C. Real Flows D. The Resource or Factor Market
If the price elasticity of demand for football tickets is estimated to be 4.5, then a 10 percent increase in football ticket prices would be expected to cause a:
A. 4.5 percent decrease in quantity demanded. B. 4.5 percent increase in quantity demanded. C. 45 percent decrease in quantity demanded. D. 45 percent increase in quantity demanded.