An indifference curve is:
a. downward sloping and concave to the origin.
b. downward sloping and convex to the origin.
c. upward sloping and concave to the origin.
d. upward sloping and convex to the origin.
b
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Taxes and transfer payments automatically reduce fluctuations in real GDP and thereby stabilize the economy without any need for decisions from Congress or the White House
Indicate whether the statement is true or false
When employment discrimination results from the personal prejudices of employers, economic theory suggests that
a. competitive forces will tend to reduce discrimination. b. the wages of employees who are discriminated against will rise. c. an employer who discriminates will have the same costs as those who do not discriminate. d. discrimination by an employer will reduce production costs since the employer can pay lower wages.