Discrimination based on characteristics that are related to job performance may be in the economic best interests of a firm.
Answer the following statement true (T) or false (F)
True
Such discrimination excludes workers who do not have the right characteristics for a job and thus are less capable.
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Redistributing income from the rich to the poor creates inefficiency because
A) of wasteful expenditures by people receiving welfare grants. B) of the administrative costs to operate the government redistribution agencies. C) the redistribution creates an incentive to produce less output. D) Both answers B and C are correct. E) Both answers A and C are correct.
What is offshore outsourcing? Who benefits from it and who loses?
What will be an ideal response?
Economists can objectively evaluate the desirability of the distribution of income.
Answer the following statement true (T) or false (F)
If the government imposes price controls and prevents prices from adjusting naturally to supply and demand, a. it equates the amount buyers are willing and able to buy with the amount sellers are willing and able to supply. b. it adversely affects the allocation of resources
c. it improves both equality and efficiency. d. it improves efficiency.