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The following questions about discrimination. a) Does a gap between the average earnings of men and women, or between whites and blacks, prove that employers are discriminating in the labor market? b) Will a free market tend to encourage or discourage discrimination? c) If it is not profitable to discriminate, why does discrimination persist?
The Theory of the Firm document, the Friedman article, and the information in chapter 4 argue that the main goal of a firm in a market economy is to maximize profit (shareholder wealth) over the long term. However, SEC regulations require U.S. corpor..
Which of the following is the best example of a monopoly?
Assume the economy starts out at point A. After that, the public anticipates that the Fed will use expansionary monetary strategy to shift the AD curve from AD1 to AD2.
Health insurance companies in a country decided to introduce pre-authorization review of hospital admissions, i.e., all hospital admissions must be pre-authorized and the health care provider must contact the insurance agency to get the approval to a..
Sally and Joe recently graduated from college, both majoring in history. Joe took a prestigious job as a legal clerk. Sally took a job as a specialist in fighting forest fires. Both received additional training before entering their jobs. Who will li..
How does the introduction of minimum wage in the US confirm or dispel that minimum wage was never indented to be a living wage? What are at least two specific goals of minimum wage laws and what modern day societal occurrences speak to either proof t..
identify a company in your area that would classify as a monopoly. explain why you classify it as monopoly and state how the company relate to at least 2 characterstics of that particuliar marke
Suppose there are two types of customers for a cell phone service: undergraduates (U) and grad Students (G). The aggregate (inverse) demand curve for undergraduates is PU = 100 − 0.25QU and the aggregate (inverse) demand curve for the graduate studen..
If the returns of the risky portfolio are normally distributed, what is the probability of returns being less than 29%.
a driver faces a 5 probability that his car will be in an accident and will be worth nothing. consider three drivers
If the U.S. and Japan trade different versions of cars and the U.S. enact trade barriers against Japanese car imports, what will happen to the level of Japan's horizontal foreign direct investment in the U.S.? Why?
Define the agents of socialization. Compare and contrast the two major economic systems. Identify a shortcoming of each system. How is socioeconomic status determined? Also discuss the major social classes. Discuss the eight steps in the research mod..
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