Wage differentials between groups can occur as a result of
a. job market discrimination and premarket discrimination only
b. differences in education, job experience, and geographic location only
c. job market discrimination and differences in education and job experience only
d. premarket discrimination and differences in geographic location only
e. premarket discrimination, job market discrimination, and differences in education, job experience, and geographic location
E
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Use the following graph for a private closed economy (an economy with only a private sector and no international trade) to answer the next question. 
In this economy, investment is
A. $50 billion. B. $150 billion. C. $100 billion. D. $200 billion.
The benefit to employers of deferred-payments is that
A) adverse selection is eliminated. B) employers cannot engage in any opportunistic behavior. C) these payments raise the cost of being fired, so more monitoring is needed. D) these payments raise the cost of being fired, so less monitoring is needed.
A firm's level of investment depends on the market interest rate: a. only when the firm has to borrow funds to invest in new equipment. b. only when the firm has to borrow funds to buy stocks and bonds. c. only when the firm already has sufficient funds and could lend them
d. because the interest rate represents the opportunity cost of investing in capital. e. because investments are always made with borrowed funds.
Suppose that a tariff is imposed on imported cheese. This will have the effect of __________ the quantity consumed of cheese, __________ consumers' surplus, and __________ the government's tariff revenues
A) increasing; increasing; increasing B) decreasing; decreasing; increasing C) increasing; decreasing; decreasing D) decreasing; increasing; increasing E) decreasing; increasing; decreasing