Job and pay disparity between men and women is explained fully by the job interruption that accompanies childbirth. Indicate whether the statement is true or false ANSWER F
Date: September 9th, 2020
What is the dominant strategy for bidders in an English oral auction? A) Keep bidding until all other bidders quit, regardless of your reservation price. B) Bid until the previous bid price equals the reservation price of the last bidder. C) Bid until the first-price and second-price bids are equal. D) Stop bidding once the […]
Date: September 9th, 2020
Over the last 100 years labor force participation by elderly males has fallen from over 2/3 to 1/5. Indicate whether the statement is true or false ANSWER T
Date: September 9th, 2020
For a competitive buyer, the marginal expenditure per unit of an input A) exceeds the average expenditure per unit. B) is less than the average expenditure per unit. C) equals the average expenditure per unit. D) any of the above could be true. ANSWER C
Date: September 9th, 2020
The gender wage gap in Japan is smaller than in the U.S.; in Scandinavia it is wider. Indicate whether the statement is true or false ANSWER F
Date: September 9th, 2020
Which of the following is true for a competitive buyer? A) AE = ME B) AE > ME C) AE < ME D) AE greater than or equal to ME ANSWER A
Date: September 9th, 2020
All welfare programs are means-tested income transfers. Indicate whether the statement is true or false ANSWER T
Date: September 9th, 2020
Suppose a government sets theprice for a natural monopoly at the competitive level such that P = MC. To keep the seller from taking a loss under this policy, the government could provide a lump-sum payment to the firm. How could we determine this payment? A) Multiply the competitive quantity by the competitive marginal cost […]
Date: September 9th, 2020
Interest rates are determined by the supply and demand for A) money. B) capital goods. C) loanable funds. D) foreign currencies. E) stocks. ANSWER C
Date: September 9th, 2020
Employers may discriminate against minority workers because they don’t want to offend white employees or customers. Indicate whether the statement is true or false ANSWER T
Date: September 9th, 2020
