If people with blue eyes earn more than people with brown eyes, we have proof of discrimination against people with brown eyes
a. True
b. False
Indicate whether the statement is true or false
False
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All else equal, when oil prices decrease, some economical sources of oil tend to become less economical, and this will ________ proven reserves of oil and ________ the number of years it will take to deplete the stock of oil
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
Carolyn knows average total cost and average variable cost for a given level of output. Which of the following costs can she not determine given this information?
A) total cost B) average fixed cost C) fixed cost D) variable cost E) Carolyn can determine all of the above costs given the information provided.
Modern antitrust policy began in response to
a. abuses of market power in the oil industry. b. the inability of railroads to compete effectively with the new trucking industry. c. the charge that the rights of big business were not adequately protected. d. attempts by business leaders to pack Congress with corrupt legislators.
In the figure shown,
A. there is a trade balance, because the world price level equals the domestic price level. B. there is a trade deficit because of globalization. C. there is a trade surplus, because actual output equals potential output. D. the country isn't exporting or importing because world and domestic prices are equal.