_______________ is the name given to active efforts by government or businesses that give special rights to minorities in hiring and promotion to make up for past discrimination.
a. Antidiscrimination legislation
b. The Equal Rights Amendment
c. Affirmative action
d. Civil rights
c. Affirmative action
Affirmative action is the name given to active efforts by government or businesses that give special rights to minorities in hiring and promotion to make up for past discrimination.
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The Federal Reserve often begins to tighten monetary policy after a trough in the business cycle because of
A) the impact lag. B) the recognition lag. C) bureaucratic indecision. D) the time necessary to get Congress to act.
Fixed exchange rates allow countries to formulate their economic policies independent of other nations
a. True b. False Indicate whether the statement is true or false
The United States has a balance of payments surplus with Europe. We would therefore expect the supply of euros to be __________ the demand for euros. Consequently, the euro should __________
A) less than; appreciate B) greater than; depreciate C) less than; depreciate D) greater than; appreciate
Which of the following is not true for the wages of professional athletes?
A. They are related to demand for their services. B. They include substantial economic rents. C. They are high because of scarcity. D. They are not related to human capital investment.