Experience rating systems for pricing insurance encourage firms to discriminate against older and disabled workers in their hiring practices.
Answer the following statement true (T) or false (F)
True
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What will be an ideal response?
List and explain the factors that can increase labor productivity
What will be an ideal response?
The price of wheat has fallen since 1950. Which of the following explains this price decline?
A) The price elasticity of demand is less than 1 (in absolute value) and wheat is an inferior good. B) The price elasticity of demand is greater than 1 (in absolute value) and the income elasticity of demand for wheat is greater than 1. C) The price elasticity of demand is greater than 1 (in absolute value) and the income elasticity of demand for wheat is low. D) The price elasticity of demand is less than 1 (in absolute value) and the income elasticity of demand for wheat is low.
According to the graph shown, the original world price is _______ and the amount of the tariff is _________.
This graph demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.
A. $100; $30
B. $100; $130
C. $175; $45
D. $215; $115