When the occupational choices of women or minorities are restricted, this results in:
A. Lower wages for these groups, but has no effect on the efficient allocation of labor resources
B. Lower wages for these groups, but more efficient allocation of labor resources
C. Lower wages for these groups and less efficient allocation of labor resources
D. Higher wages for these groups and more efficient allocation of labor resources
C. Lower wages for these groups and less efficient allocation of labor resources
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Steve sells hotdogs from a vending cart downtown. The table above shows his total revenue per day at four different prices. Between which two prices is the demand for hotdogs
a) elastic? b) unit elastic? c) inelastic?
Between 1986 and 2015, while the general price level increased by 116%, drug prices
A. rose by 136%. B. rose by 55%. C. rose by 552%. D. rose by 268%.