Why might education differences better explain the differences in income between whites and Hispanics than between men and women?
What will be an ideal response?
There is a much greater disparity in education levels between whites and Hispanics than between men and women. The disparity between men and women is virtually nonexistent, while among 30-34-year-olds, 11.3 percent of Hispanics and 37.5 percent of whites have four-year college degrees.
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The rights of an owner to use and exchange property are
A) capitalist rights. B) socialist rights. C) property rights. D) money rights.
Bundling raises higher revenues than selling the goods separately when
A) demands for two goods are highly positively correlated. B) demands for two products are mildly positively correlated. C) demands for two products are negatively correlated. D) there is a perfect positive correlation between the demands for two goods. E) the goods are complementary in nature.
Which of the following checks issued by the government represents a transfer payment?
A) The federal government pays a defense contractor for development of a missile system. B) The federal government pays a retiree her Social Security benefits. C) The state of Oregon pays a construction firm for its work in repairing a state highway. D) The state of Illinois pays groundskeepers at the state capitol building their weekly wages.
The quantity sold in a market will decrease if the government decreases a
a. binding price floor in that market. b. binding price ceiling in that market. c. tax on the good sold in that market. d. All of the above are correct.