The use of quotas in affirmative action are legal only when
A. publicly advertised in newspapers, television or radio.
B. court-mandated, through a verdict or consent decree.
C. necessary to achieve the employer's diversity goals.
D. the employer is a government agency.
Answer: B
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Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 3.2 shows how much of each good Jesse and April can paint in one hour. Which of the following is TRUE?
A) April has neither an absolute nor a comparative advantage in painting snowboards. B) April has both an absolute and comparative advantage in painting kites. C) April has both an absolute and comparative advantage in painting snowboards. D) April has neither an absolute nor comparative advantage in painting kites.
The price of crude oil rose to over $100 per barrel in early 2013. What would we expect to see happen to the supply of plastic, which is produced using crude oil?
A) The supply of plastic will increase. B) The supply of plastic will decrease. C) The supply of plastic will stay the same because the government requires plastic producers to meet statutory minimum production levels. D) The supply of plastic will stay the same because of the profit motives of plastic producers.