Harry is 40 and black. Dan is 40 and white. Both work as plumbers, but Harry earns more
a. Dan is being discriminated against.
b. Harry might be discriminated against if he has more experience as a plumber.
c. Harry might be discriminated against if he has less training as a plumber.
d. Harry might be discriminated against if he works the day shift and Dan works the night shift.
b
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The main source of government funding is
A) user fees. B) taxes. C) borrowing. D) transfer payments.
Consider the following: The relative price of movies this year has
A) increased. B) decreased. C) stayed the same. D) Not enough information has been given to calculate an answer.
The Troubled Asset Relief Program (or TARP) called for:
A. reductions in government spending and tax increases. B. the purchase of assets and equity from troubled financial institutions. C. increases in government spending and tax cuts. D. a return to the gold standard.
The returns to scale in the production function Y = K0.5 L0.5 are:
A. decreasing. B. constant. C. increasing. D. subject to wide fluctuations.