Which law serves as the basis for most equal employment opportunity laws?
A) Title IX of the Education Amendments of 1972
B) Title VII of the 1964 Civil Rights Act
C) Federal Affirmative Action Act
D) Title IV of the Higher Education Act
B) Title VII of the 1964 Civil Rights Act
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Which of the following is NOT an example of an opportunity cost?
A) By spending Thursday night studying for an economics exam, a student was unable to complete a homework assignment for calculus class. B) Because David used all of his vacation time to paint his house, he was unable to visit the Caribbean last year. C) Because Mary is now being paid a higher wage, she can afford to buy a new car even though she is moving into a bigger apartment. D) By choosing to attend college, Jean was not able to continue working as an electrician; as a result, she gave up more than $85,000 in earnings while she was in college.
In the long run, it is in the best interests of a member of a cartel to: a. decrease the price of its output
b. increase the level of its output. c. maintain the same quality of output. d. improve the quality of its output.