An employer discriminating against Asian workers is an example of:
A) special interest group discrimination.
B) cultural discrimination.
C) statistical discrimination.
D) taste-based discrimination.
D
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When a tax is based on the difference between the market value of the taxpayer's assets and liabilities, it is called
A. a difference tax. B. a wedge tax. C. a personal net worth tax. D. an implied liability tax.
Everything else held constant, an expansionary ________ policy will cause the interest rate to rise, while an expansionary ________ policy will cause the interest rate to fall
A) monetary; monetary B) monetary; fiscal C) fiscal; monetary D) fiscal; fiscal
A profit-maximizing monopolist will never produce at an output level where: a. demand is elastic
b. it suffers economic losses in the short run. c. demand is inelastic. d. marginal cost is less than average total cost.
The aggregate demand curve shows the relationship between the volume of purchases and:
a) The price level. b) Which goods and services people will buy. c) The amount producers supply. d) Real GDP.