Which of the following statements about the 2000 average wages of blacks and Hispanics compared to whites is most accurate?
a. African Americans earn about the same was whites but Hispanics earn about 70% of what whites earn.
b. African Americans earn about 70% of what whites earn, while Hispanics earn about 75% of what whites earn.
c. Hispanics earn about the same was whites but African Americans earn about 70% of what whites earn.
d. African Americans and Hispanics earn less than half of what whites earn.
b. By 2000, African Americans earn an average of about 70% of what whites earn, while Hispanics earn an average of about 75% of what whites earn.
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The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
A(n) ________ is a system of controlling overfishing whereby the government decides how big the total fish catch will be and then lets fishermen negotiate to determine the share of the total catch each fisherman will be allowed
Fill in the blank(s) with correct word
If the monopoly illustrated in the figure above could engage in perfect price discrimination, the deadweight loss would be
A) $0. B) $22.50. C) $90.00. D) $250.00.
Upon seeing the headline "nurses' salaries to be set at a guaranteed minimum," which of the following would you not expect to be true?
a. The market clearing wage rises above the minimum. b. More nurses offer to work overtime hours. c. Hospital wage bills rise. d. The long-term supply of nurses expands. e. More nurse training programs develop.