Statistical discrimination:
A. can limit the opportunities of individuals just because they happen to belong to a certain group of people.
B. can be a rational response to information asymmetry.
C. is not always a legal solution to information asymmetry.
D. All of these statements are true.
D. All of these statements are true.
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Suppose the demand curve for hybrid cars shifts to the right. This will cause a relatively small increase in the price of hybrid cars if
A) both demand and supply are inelastic. B) demand is elastic and supply is inelastic. C) demand is inelastic and supply is elastic. D) both demand and supply are elastic.
Describe some of the advantages and disadvantages of each of the following schools: linear stages, structural change, dependence and neoclassical
What will be an ideal response?
Increasing returns
A) causes marginal cost to remain constant. B) causes marginal cost to rise. C) causes marginal cost to fall. D) causes marginal product to rise but then fall.
If the price level rises, the aggregate expenditure curve shifts downward and the economy moves up the aggregate demand curve
Indicate whether the statement is true or false