If a college president earns $120,000 a year, but would have taken the job for $100,000 a year, the president's wage-related rent is

Efficient production implies that it is:

A) possible to produce more of all goods and services. B) it is possible to produce more of one good without producing less of another. C) not possible to produce more of one good without producing less of another good. D) producing at a combination of goods which lies between the production possibilities curve and the origin.

A relatively larger proportion of ____ work in unskilled jobs with lower pay than do ____

a. females; Caucasian males b. nonwhites; Caucasian males c. Caucasian males; females d. Both (a) and (b) are correct.