The practice of governments or firms actively improving the educational and job opportunities of members of groups that have not been treated fairly in the past is called
A) segregation.
B) subsidization.
C) resource allocation.
D) affirmative action.
D
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Income per capita is ________
A) gross domestic product divided by total labor force B) gross domestic product divided by total population C) gross domestic product divided by total amount of capital used D) gross domestic product divided by total unit of all goods produced
An example of moral hazard is
a. people drive as carefully in icy conditions with antilock brakes as without b. people drive as safely with more airbags as without c. football players 'spear' with their heads when tackling more often with safer helmets d. people read the medicine warnings as carefully when self-medicating versus with a doctor's prescription
The SRAS curve is upward sloping, there is a liquidity trap, and investment spending is sensitive to changes in the interest rate. According to the monetarist transmission mechanism, if the money supply increases the AD curve __________ and the price level __________
A) does not change; does not change B) shifts to the left; falls C) shifts to the right; rises D) does not change; rises E) none of the above
Refer to the information provided in Figure 33.4 below to answer the question(s) that follow.
Figure 33.4Refer to Figure 33.4. The domestic price of a leather wallet is $20. With free trade the price of a leather wallet is $10 and after a tariff is imposed the price is $15. After the tariff is imposed
A. domestic production will increase by 50 wallets and domestic consumption will decrease by 50 wallets. B. domestic production will increase by 100 wallets and domestic consumption will decrease by 100 wallets. C. domestic production and consumption will increase by 50 wallets and domestic consumption will increase by 50 wallets. D. domestic production will increase by 150 wallets and domestic consumption will decrease by 250 wallets.