Economists Fryer and Loury argued that affirmative action
A. necessarily undermines minorities' incentive to invest in their own education.
B. "color-blind" proxies for race easily achieve diversity without reference to race itself.
C. has actually reduced the graduation and bar passage rates of African-American law students.
D. is the reason so many white males are passed over for promotion in favor of minorities.
Answer: C
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In part, microeconomics is concerned with the study of
A) unemployment and economic growth. B) the Federal Reserve's policies. C) the effect government regulation has on the price of a product. D) national output of goods and services.
Which of the following is a decision that economists study?
a. how much people work b. what people buy c. how much money people save d. All of the above are correct.
Suppose a country's net exports equal $1.9 billion. Which of the following will happen if the volume of imports increases by $2 billion without any change in the volume of exports?
A) The country's net exports will be equal to $0.1 billion. B) The country's net exports will become negative. C) The country's net exports will be equal to $3.9 billion. D) The country's net exports will be zero.
An amusement park is an example of a pure private good
Indicate whether the statement is true or false