What is the discrimination coefficient?

What is the discrimination coefficient? Taste discrimination – a concept that essentially translates the notion of racial prejudice into the language of economics. Even though it costs wB dollars to hire one person-hour of black labour, the employer will act as if it costs wB(1+d) dollars, where d is positive and called the discrimination coefficient. […]

Are most sedimentary rocks formed underwater?

Are most sedimentary rocks formed underwater? Some rocks form from rock particles. Most sedimentary rock forms as sandstone does—from loose material that gets pressed together or cemented into rock. Sedimentary rocks develop from layers of sediments that build up on land or underwater. Where do most sedimentary rocks form? Common sedimentary rocks include sandstone, limestone, […]

What is utilization of natural resources?

What is utilization of natural resources? Natural Resource Management (NRM) refers to the sustainable utilization of major natural resources, such as land, water, air, minerals, forests, fisheries, and wild flora and fauna. Ecological processes maintain soil productivity, nutrient recycling, the cleansing of air and water, and climatic cycles. How can we conserve natural resources? Ten […]

Which best describes the Keynesian transmission mechanism when the money supply rises?

Which best describes the Keynesian transmission mechanism when the money supply rises? Which best describes the Keynesian transmission mechanism when the money supply increases? C. The interest rate falls; this in turn stimulates investment spending, which in turn raises total expenditures and shifts the AD curve rightward. What do Keynesians mean when they say that […]

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