If an employer screens applicants by race because of generalizations about past hires, he or she is ______.
a. practicing wage discrimination
b. acting from unconscious bigotry
c. trying to reduce information costs
d. avoiding any type of discrimination
c. trying to reduce information costs
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A bond that pays a yearly interest rate of $100 is for sale. The interest rate was 10 percent and now is 5 percent. The price of the bond has
A) decreased from $1000 to $500. B) increased from $1000 to $2000. C) decreased from $2000 to $1000. D) increased from $500 to $2000.
To avoid the imposition of capital controls, a government wishing to keep its exchange rate at a certain level, may rely on:
a. forbidding all sales or purchases of foreign currency. b. asking the large banks to keep the prices at a certain level. c. asking for loans from the International Monetary Fund (IMF). d. intervention in the foreign exchange market to raise or lower the exchange rate.