Rent seeking refers to unproductive activity in the pursuit of profit.
Answer the following statement true (T) or false (F)
True
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Discrimination occurs when an employer hires a member of one group when another applicant, who is a member of a different group with different characteristics, has better qualifications and is likely to be more productive
Indicate whether the statement is true or false
The closed shop was outlawed by which act passed by Congress in 1947?
a. Landrum-Griffin Act b. Wagner Act c. Norris-LaGuardia Act d. Civil Rights Act e. Taft-Hartley Act
Economics is the social science that studies
A) the real reasons people buy goods and services.
B) the psychology of individuals and businesses.
C) whether a nation has enough natural resources.
D) how people make choices to cope with scarcity.
E) how choices made in the social interest could eliminate scarcity.
Which of the following was not a criticism of the unconventional monetary policy used by the Fed in 2009 and 2010?
A. Tendency toward higher unemployment B. Tendency toward higher inflation C. Usurping authority which should be allocated to Congress D. Determining which banks would be allowed to fail