In a free market, the quantity demanded will not exceed the quantity supplied of a resource, even if it is undergoing rapid depletion.
Answer the following statement true (T) or false (F)
True
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Increasing the wage rate will cause people to work more.
A. True B. False C. Uncertain
The primary reason conglomerate mergers are the most difficult to attack under the antitrust laws is that
a. these mergers always involve a domestic firm and a foreign firm b. these mergers always involve the largest corporations in the United States c. there is no statute the government can use to attack them in court d. these mergers do not increase concentration in any market e. these mergers are always beneficial
A market equilibrium:
A. is never socially optimal. B. might not maximize total economic surplus. C. is socially optimal. D. leaves unexploited opportunities for individuals.
Suppose you work in a human relations office, and an employee, Ariana, comes to you with a set of statistics she has gathered about your company. Which of these statistics might indicate wage discrimination?
a. Fewer minorities were interviewed than whites. b. There are ten percent more males than females in management. c. Female mechanics earn ten percent less than male mechanics. d. Technicians make fifty percent more than janitors.