Suppose that white workers are getting paid $21/hour, while similarly-productive African-American workers are getting paid $18/hour. A prejudiced white employer with a discrimination coefficient of $24/hour will:
A. Hire African-Americans only if their wage rate falls to $3/hour
B. Hire African-American workers
C. Not hire African-Americans at all, even if they offer to work for free
D. Not hire African-Americans, unless they work for free
C. Not hire African-Americans at all, even if they offer to work for free
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When the English pound appreciated against a colonial currency, this signaled
(a) that colonists needed more colonial currency to buy an English pound. (b) that colonists needed less colonial currency to buy an English pound. (c) that colonists needed more colonial and Spanish currency to buy an English pound. (d) nothing of economic importance.
Given the scenario described, if the market price of hammers increased from $8 to $12, producer surplus would:
Assume there are three hardware stores, each willing to sell one standard model hammer in a given time period. House Depot can offer their hammer for a minimum of $7. Lace Hardware can offer the hammer for a minimum of $10. Bob's Hardware store can offer the hammer at a minimum price of $13. A. increase from $8 to $12. B. increase by $4 for each producer. C. increase by $4 for House Depot. D. increase by $7 in total.
Who provides the primary source of funding for a program promoting forward and backward linkages in an LDC?
a. government b. entrepreneurs c. consumers d. workers e. taxpayers
Which of the following is NOT a type of specialized investment?
A. Physical-asset specificity B. Site specificity C. Human capital D. All of the statements associated with this question are types of specialized investments.