Statistical discrimination refers to
a. the statistical measurement of the effects of prejudice on minorities excluded from employment
b. the monetary impact of prejudice on minorities, in contrast to the nonmonetary impact
c. government tracking of the economy-wide impact of discrimination against minorities
d. using statistics to explain employer discrimination against minorities
e. exclusion of individuals from an activity due to the probability of behavior in their group rather than personal characteristics
E
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Do automatic fiscal stabilizers eliminate business cycles?
A) Yes B) No, because they have no effect if the business cycle is the result of some unanticipated change C) No, but they do moderate business cycles D) No, they increase the likelihood that a business cycle occurs E) No, they make business cycle fluctuations more severe
Refer to Table 14-8. If the two firms collude, is there an incentive for either to cheat on the collusion agreement?
A) Yes, but only Brawny Juice is in a position to gain by cheating. B) Yes, but only Power Fuel is in a position to gain by cheating. C) Yes, either firm can gain if it, alone, cheats. D) No, neither firm can gain by cheating.