Discrimination by a manager in the hiring process may be consistent with the decision to maximize profits if
a. customers are willing to pay higher prices in order to maintain the discrimination.
b. the discrimination is based on race but not gender.
c. the discrimination is based on gender but not race.
d. Discrimination is never consistent with profit maximization.
a
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Generally speaking, income inequality is
A) higher in Europe than in the United States. B) higher in the United States than in most of the developing world. C) extremely high and does not vary much between nations in the developing world. D) higher in the developing world than in the developed world.
Refer to the table below. If demand decreased by 4 units at each price, what would the new equilibrium price and quantity be?
A. $3 and 5 units
B. $4 and 6 units
C. $5 and 7 units
D. $6 and 8 units
To expand the money supply, the Fed should
A. sell U.S. government securities. B. buy U.S. government securities. C. cut taxes. D. raise the required reserve ration.
The natural rate of unemployment is the amount of unemployment
A) associated with the business cycle. B) equal to frictional plus structural unemployment. C) that exists when the economy goes into recession. D) that exists when the economy is in an expansion.