Because the marginal revenue curve for a monopolist lies below its demand curve, the profit-maximizing price of the monopolist will be above marginal cost.

Aggregate demand policy, training programs, work requirements, tax credits, and family policies are mutually exclusive alternatives

Indicate whether the statement is true or false

Which of the following would not account for the observed wage differential between African Americans and whites in the United States?

a. differences in the quantity of on-the-job training b. differences in the quality of education c. discrimination by employers d. differences in job experience e. differences in access to public assistance programs