With modern sector enlargement growth, inequality will
a. first rise and then fall.
b. first fall and then rise.
c. remain about the same.
d. All of the above.
Answer: a. first rise and then fall.
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In comparing the returns on U.S. and German Treasury securities, investors
A) should forecast the future dollar/euro exchange rate. B) may disregard the future dollar/euro exchange rate. C) should assume the future dollar/euro exchange rate is the same as today's. D) should assume the euro will depreciate if the German interest rate is above the U.S. interest rate.
The movement of households from rural to urban settings reduced the degree of specialization in household production
a. True b. False
When choosing the production level for tomorrow you find that at an output of 100 units, the total variable costs are $20,000 and the average fixed cost is only $50 . If the market price is $200, you should
a. hire an economic consultant b. produce at a loss equal to $5,000 c. produce more than 100 units d. produce fewer than 100 units e. produce where MC is at a minimum
Which of the following about employment discrimination is true?
a. Employers who discriminate against blacks and other minorities will have lower costs than rival firms that hire employees strictly on the basis of productivity. b. After adjusting for factors such as education, experience, and location, the earnings of black men are almost identical to the earnings of white men. c. If minority and white employees in a skill category are equally productive, the profit motive provides employers with a strong incentive to hire minority employees if they are available at a lower wage. d. The empirical evidence indicates that the earnings gap between whites and blacks is entirely the result of worker preference.