Labor market discrimination refers to
a. differing economic opportunities offered to persons according to their productivity.
b. wage differentials based on productivity differences.
c. differing economic opportunities based on personal characteristics.
d. wage differentials based on seniority and human capital.
c. differing economic opportunities based on personal characteristics.
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If supply of a product increases and demand for the product decreases, equilibrium quantity will definitely change
Indicate whether the statement is true or false
Output prices are irrelevant for a firm as it is calculating its cost curves.
Answer the following statement true (T) or false (F)
List and describe two issues regarding incentives and information that explain why the median voter model might not accurately describe democratic decision-making
What will be an ideal response?
A cutback in the space program due to a slow economy causes an increase in unemployment among aeronautical engineers. This is an example of
A) cyclical unemployment. B) frictional unemployment. C) seasonal unemployment. D) structural unemployment.