All of the following served to reduce labor market discrimination against women and minorities except
a. marriage bars.
b. Title VII of the Civil Rights Act.
c. Johnson's Office of Federal Contract Compliance Program.
d. the Equal Pay Act of 1963.
a. marriage bars.
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Assuming capital and labor are substitutes, an improvement in technology that affects only the productivity of capital would cause a firm to employ more capital but leave the amount of labor employed unchanged
Indicate whether the statement is true or false
Which of the following has contributed to China's economic growth since 1980?
a. the rapid growth of foreign aid from European countries b. nationalization of many private industries c. increased restrictions on international trade d. increased privatization of the agricultural and small-business sectors
A company currently sells 10,000 units at $9/unit and makes $20,000 accounting profit. Variable costs currently stand at $6 per unit. What are the company's fixed costs?
a. $5,000 b. $10,000 c. $15,000 d. The company has no fixed costs
If average total cost is rising
A) marginal cost is above average total cost. B) marginal cost is rising. C) marginal product is rising. D) marginal cost is above average total cost and is falling.