The entrepreneur will typically have the most difficulty controlling
a. price
b. average total cost
c. average variable cost
d. marginal cost
e. total cost
A
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An expansionary monetary policy may cause asset prices to rise, thereby reducing the likelihood of financial distress and causing consumer durable and housing expenditures to rise. This monetary transmission mechanism is referred to as
A) the household liquidity effect. B) the wealth effect. C) Tobin's q theory. D) the cash flow effect.
When employment discrimination results from the personal prejudices of employers, economic theory suggests that
a. employers who discriminate will have lower production costs. b. the wages of employees who are discriminated against will rise. c. employers who discriminate will have the same production costs as those who do not discriminate. d. employers who discriminate will have lower profits.