Pay disparity by race:
A. is caused by a combination of discrimination and differences in skills.
B. is caused solely by discrimination.
C. is caused solely by differences in skills.
D. has disappeared in the last five years.
Answer: A
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Janelle spends all of her income on songs from iTunes ($1 each) and applications ($5 each) for her iTouch. If she makes her best affordable choice, she purchases 20 songs and 4 applications, what is her income?
A) $40 B) $20 C) $30 D) $25
Which of the following is not an example of rent-seeking behavior?
A) competition for subsidies B) competition for the exclusive right to import a product C) lobbying the government to impose tariffs on certain imported products D) engaging in aggressive advertising that slams a competitor's product
An example of a nonrenewable resource would be:
A. wireless technology. B. a computer. C. sunlight. D. None of these is considered a nonrenewable resource.
In international exchange markets, a rise in interest rates in the United States will cause the demand for dollars to ________ and the supply of dollars to ________
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease