If profits are maximized (or losses minimized), which of the following conditions is common to both unregulated monopoly and pure competition?

If a $15 billion reduction in taxation produces a change of $20 billion in output, the value of the government taxation multiplier is ________

A) 35 B) 0.75 C) 5 D) 1.3

Based on labor-market studies using regression analysis, once educational attainment is accounted for with college graduates, the wage gap between Asians and whites ________ and the wage gap between whites and blacks ________

A) disappears; greatly narrows B) grows; grows C) grows; disappears D) greatly narrows; grows significantly