Among the two most important methods economists use to identify illegal discrimination are
A. "regression" techniques and "audit" methods.
B. "audit" methods.
C. "regression" techniques.
D. lottery number analysis.
Answer: A
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Consider the following statements:
a. Soda drinkers purchase more soda from a grocery store that sells soda at a lower price than other rival grocery stores in the area. b. Homeowners do not take steps to increase security even though they believe it is more costly to allow burglaries than to install security monitoring equipment. c. Manufacturers produce less of a particular cell phone when its selling price rises. Which of the above statements demonstrates that economic agents respond to incentives? A) a only. B) b only. C) c only. D) a and b. E) a, b, and c.
A problem with the CPI is the presence of a substitution bias on the behalf of consumers
Indicate whether the statement is true or false
There are different interest rates associated with many types of securities. Which of the following statements is correct?
A) they vary depending on the liquidity of the security B) they vary depending on the risk associated with the security C) except in very unusual times, most interest rates move together D) all of the above E) none of the above
Refer to the given figure and assumptions. How many illegal immigrant workers will be hired at equilibrium?
(1) Employers in this market are willing and able to ignore minimum wage laws;
(2) S d represents the supply of domestic-born (and legal immigrant) workers; (3) S t represents
the total supply of workers in this labor market (S d plus illegal immigrants); and (4) unless
otherwise stated, illegal immigration is not effectively blocked by the government.
A. 200,000.
B. 250,000.
C. 350,000.
D. 450,000.