The economic theory of discrimination suggests that the practice of apartheid in South Africa should have
a. worsened the economic condition of only the blacks.
b. worsened the economic condition of only the whites.
c. worsened the economic condition of whites as well as others.
d. improved the economic condition of the whites.
c
You might also like to view...
Suppose a Chinese restaurant provides free tea and fortune cookies to its customers. The restaurant is clearly
A) generating a negative externality. B) generating a positive externality. C) selling food below cost. D) attempting to increase its total profit. E) doing none of the above.
You are the manager of a firm that produces output in two plants. The demand for your firm's product is P = 120 ? 6Q, where Q = Q1 + Q2. The marginal costs associated with producing in the two plants are MC1 = 2Q1 and MC2 = 4Q2. What price should be charged to maximize profits?
A. 60 B. 70 C. 66 D. 76
The likely effect of introducing an increased number of automatic teller machines is to
A. increase money demand, shifting the LM curve up and to the left. B. increase money demand, shifting the LM curve down and to the right. C. decrease money demand, shifting the LM curve up and to the left. D. decrease money demand, shifting the LM curve down and to the right.
Refer to the information provided in Table 31.1 below to answer the question(s) that follow.Table 31.1PeriodQuantity of Labor (L)Quantity of Capital (K)Total Output (Y)1 50 50 2002 60 50 2203 70 50 2354 80 50 245Refer to Table 31.1. During Period 3, labor productivity is equal to
A. 0.3. B. 1.96. C. 3.36. D. 4.7.