A benefit to increased diversity in the workforce, optimistically speaking, is that _________________ as more workers from traditionally disadvantaged groups are able to fulfill their potential.
a. fewer minority members will need to attend college
b. more workers from advantaged groups will move up the ladder
c. the economy may recover eventually
d. the economy will benefit
d. the economy will benefit
Optimists argue that the growing proportions of minority workers will knock over remaining discriminatory barriers. The economy will benefit as an increasing proportion of workers from traditionally disadvantaged groups have a greater opportunity to fulfill their potential.
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Refer to the figure above. What is the equilibrium wage rate if the labor demand curve is LD2 and labor supply curve is LS2?
A) $20 B) $30 C) $15 D) $25
When a shortage exists in a market, sellers
a. raise price, which increases quantity demanded and decreases quantity supplied until the shortage is eliminated. b. can raise price without worrying about the loss of sales, which increases quantity supplied and decreases quantity demanded until the shortage is eliminated. c. lower price, which increases quantity demanded and decreases quantity supplied until the shortage is eliminated. d. lower price, which decreases quantity demanded and increases quantity supplied until the shortage is eliminated.
Every adult who was not employed during the previous four weeks is included in the Bureau of Labor Statistics' "unemployed" category
a. True b. False Indicate whether the statement is true or false
If excessive aggregate demand causes prices to rise, which of the following would be a correct fiscal-policy action?
A. An increase in government expenditures B. An increase in the money supply C. An increase in Social Security payments D. A tax increase