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Which of the following is not a true statement about discrimination I the US labor market
A. Market failure such as efficiency wages can give employers the ability to discriminate without hurling profits
B. free markets tend to diminish discrimination in the labor market
C. Discrimination has been at times institutionalized in government policy
D. Discrimination is not a source of wage disparity in the labor market.
Suppose that two countries, initially in autarky, decide to create a single market. For simplicity, assume that in both economies there is only one product. Demand for this product is given by D(i) = S(i) (a – p(i)) (for i = 1, 2), where S(i) is a me..
Illustrate what happens to your tax bill and to your average and marginal tax rates if your income rises to $40,000.
Elucidate what could be done to encourage people to spend more so as to increase aggregate demand and, invariably, create employment possibilities.
Suppose that the price index for the years 1980 and 2010 is equal to 60.0 and 180.0, respectively. Also suppose that Maya earned an annual salary of $20,000 in 1980. Given the above, how much would Maya have to earn in 2010 in order for her salary to..
Explain how, despite being free, public education can actually make a household better off by consuming less education?
Use a model of the money market to explain why changes in nominal or money GDP are associated with changes in interest rates.
If the economy is operating at a point less than full employment (as it is now), what would we want to see happen to GDP? For right now, let's just look at the C (consumption) component of our GDP equation. What would we want to see happen to consume..
An economy adjust on its own to close a recessionary gap because there is
When a profitable Japanese-owned company owns a car factory in the U.S. and sells the cars within the U.S., this [increases/decreases/does not change] the U.S. trade deficit and [increases/decreases/does not change] the U.S. current account deficit.
A micro-brewery is considering the installation of a newly designed boiler system that burns the dried, spent malt and barley grains from the brewing process. The boiler will produce process steam that powers the majority of the brewery’s energy oper..
As the U.S. price level decreases, other things equal, U.S. products become
Suppose that the inverse market demand for pumpkins is given by P=$10-0.05Q. Pumpkins can be grown by anybody at a constant marginal cost of $1. If there are lots of pumpkin growers in town so that the pumpkin industry is competitive, how many pumpki..
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