Which anti-discrimination law prohibits discrimination by employers on the basis of race, color, religion, gender, or national origin?
A) the Civil Rights Act of 1964
B) the Equal Employment Opportunity Act of 1972
C) the Americans with Disabilities Act of 1990
D) the Rehabilitation Act of 1973
A
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There are many excellent substitutes for water in almost all American cities because
A) the demand for water is elastic. B) the demand for water is inelastic. C) the supply of water is limited. D) there are so many alternative drinks readily available in the marketplace. E) water is cheap, and people therefore use it for many different purposes.
A game in which pursuing dominant strategies results in noncooperation that leaves all parties worse off is a
A) prisoner's dilemma. B) cooperative equilibrium. C) zero-sum game. D) first-price auction.
If more and better technology is used for producing wheat in the United States than in a lesser-developed country, then the:
a. MRP of the U.S. workers will be higher than the MRP of the workers in the lesser-developed country. b. MRP of the U.S. workers will be lower than the MRP of the workers in the lesser-developed country. c. demand for the U.S. workers will be lower than the demand for the workers in the lesser developed country. d. price of wheat will be higher in the United States than in the lesser-developed country. e. wages of the U.S. workers will be lower than the wages of the workers in the lesser-developed country.
Answer the following statements true (T) or false (F)
1. Changes in the level of inventories are an internal force in the economy’s cyclical movements. 2. Cost changes generally lag behind price changes during the business cycle. 3. A recession occurs whenever there’s a decline in real GDP for two or more successive quarters. 4. Involuntary inventory accumulation may occur during the contracting phase of the business cycle. 5. Psychological forces have no effect on business fluctuations.