When comparisons are made between the earnings of whites and minorities with the same age, quantity of schooling, marital status, sector of employment, union and industry status, regional location, and annual hours worked, recent studies indicate that

a. the corrected earnings of minority men are about two-thirds the earnings of white men.
b. earnings differentials between whites and minorities are due almost exclusively to employment discrimination.
c. the corrected earnings of Mexican-Americans, Asian-Americans, and American Indians were between 7 and 9 percent less than the earnings of similar white men.
d. most minority men now have higher earnings than white men.

C

Economics

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Refer to Figure 6-4. The absolute value of the price elasticity of demand at the midpoint of the demand curve is

A) one. B) at a maximum. C) at a minimum. D) zero.

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Higher interest rates:

a) increase consumption and investment spending. b) decrease consumption and increase investment spending. c) decrease consumption and investment spending. d) increase consumption and decrease investment spending.

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