If there is employment discrimination against minorities, this will cause the
a. supply of their services to increase, and their wages to fall.
b. demand for their services to decline, and their wages to fall.
c. supply of their services to decline, and their wages to rise.
d. demand for their services to decline, and their wages to rise.
B
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Refer to the scenario above. What is the probability of picking a red ball from the box?
A) 24.65% B) 45% C) 50% D) 64%
Two common economic problems that may arise from asymmetric information are:
A. moral consequence and adverse selection. B. moral hazard and adverse selection. C. moral hazard and adverse decisions. D. moral consequence and adverse decisions.
Which of the following is not a problem for the price system allocating resources among different time periods?
a. Interest rates are used for a variety of purposes other than influencing investment. b. The market devotes too much to immediate consumption. c. Our market system leads to lesser real incomes for later generations. d. Our market system despoils irreplaceable natural resources.
If the production of oranges reduces global warming, then the equilibrium quantity of oranges will be ________ the socially optimal quantity.
A. higher than B. equal to C. lower than D. more valuable than