In the taste-for-discrimination model:
A. discriminatory employers behave as if employing nonpreferred-race workers adds to costs.
B. individual workers are judged by the characteristics of the groups to which they belong.
C. prejudiced white employers will never hire African-American workers.
D. women and minorities are confined to a limited number of occupations.
Answer: A
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Whenever a bank's actual reserves exceed its desired reserves, the bank
A) can lend out additional funds. B) needs to call in loans. C) will go out of business. D) must increase the amount of its required reserves by obtaining more cash.
Briefly describe monetarism and the monetary growth rule
What will be an ideal response?
Which of the following makes a firm's resources hard to imitate?
a. They don't flow from the firm's unique history b. The link between resources and advantages is difficult to discern c. They aren't socially complex d. All of the above
Firms should hire additional units of a resource as long as the
a. marginal product of the resource exceeds the price of the resource multiplied by the quantity of output produced. b. marginal product of the resource is less than the price of the resource. c. price of the output produced is positive. d. marginal revenue product of the resource exceeds the cost of employing an additional unit of the resource.