Which of these instances would constitute labor-market discrimination? Courtney and Nicole are identical in all of their labor-market characteristics except that Courtney earns a higher salary than Nicole because
a. Courtney is beautiful and Nicole is not.
b. Courtney is 40 years old and Nicole is 60 years old.
c. Courtney works the night shift and Nicole works the day shift.
d. Courtney attended on the job-training seminars which allows her to do tasks Nicole is not qualified for.
b
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A decrease in the unemployment rate which is accompanied by an decrease in the inflation rate is represented by a ________ the Phillips curve
A) movement down B) movement up C) upward shift of D) downward shift of
In the very short-run period,
a. the price elasticity of supply is very elastic. b. the price elasticity of demand is very elastic. c. the cross elasticity of demand is very inelastic. d. income elasticity is very elastic. e. the price elasticity of supply is very inelastic.
The danger of using the national defense argument to protect domestic industries necessary to wage war is that
A. it has no validity on noneconomic grounds. B. it is unrelated to the United States’ ability to wage war. C. other nations will retaliate with tariffs against U.S. producers of war material. D. industries with only the most peripheral relationship to defense are likely to invoke this argument on their behalf.
Which of the following would NOT be a short-run decision for the firm?
A) Recall workers who were previously laid-off. B) Have labor work two hours overtime each day in order to expand output C) Build another wing on the plant in order to add a new assembly line. D) Place an order with a supplier for additional raw materials.