Discrimination by customers creates a wage differential between two groups by creating a difference in the two groups' perceived
A) supply of labor.
B) value of marginal product.
C) marginal cost of labor.
D) minimum wage.
B
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Bo's actions would
A) have no impact on the September unemployment rate or the October unemployment rate. B) raise the September unemployment rate and lower the October unemployment rate. C) raise the September unemployment rate and not change the October unemployment rate. D) classify him as out of the labor force in September. E) raise the September unemployment rate and the October unemployment rate.
The current account must necessarily always be in balance
Indicate whether the statement is true or false
When does a shortage occur?
a. When price is less than equilibrium price. b. When goods are scarce. c. When quantity demanded is less than quantity supplied. d. When quantity demanded exceeds quantity supplied at the equilibrium price. e. When some of the people who need the product are not willing and able to buy it at the equilibrium price.
In a fixed exchange rate regime, which of the following policies could be implemented to reduce a trade deficit and leave aggregate demand constant?
A) devalue the currency B) increase government spending C) decrease government spending D) decrease government spending and devalue the currency E) increase government spending and revalue the currency