Which of the following statements is true?
a. Discrimination against women and blacks reduces the demand for these workers resulting in lower wages paid these workers.
b. Discrimination is no longer a problem in the United States.
c. A negative income tax system is a plan where everyone pays the same percentage of their income as taxes.
d. A negative income tax system is a plan where those below a certain income receive a cash payment from government.
a
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"As part of the financial crisis bailout plan in 2008, the Federal Reserve should not bail out banks that made risky loans." This is an example of
A) a positive statement. B) the Federal Reserve taking actions that are not at the margin. C) opportunity costs. D) a normative statement.
The process by which new ideas spread from the original company to other businesses in the economy is called
A. innovative revolution. B. patent dispersion. C. technological diffusion. D. Moore's process.