In which of the following actions is Agatha committing wage discrimination?
a. by paying Bob, who is very productive, more than everyone else
b. by paying everyone equally regardless of education or skill
c. by paying Asian employees less than white employees for the same job
d. by paying women managers more than women hourly workers
c. by paying Asian employees less than white employees for the same job
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The figure above shows one of Bob's indifference curves for CDs and books
a) Is the indifference curve steeper at point a or point b? b) What is Bob's marginal rate of substitution at point a? c) What is Bob's marginal rate of substitution at point b?
Recession come at
a. regular intervals. During recessions consumption spending falls relatively more than investment spending. b. regular intervals. During recessions investment spending falls relatively more than consumption spending. c. irregular intervals. During recessions consumption spending falls relatively more than investment spending. d. irregular intervals. During recessions investment spending falls relatively more than consumption spending.