An employer's effort to minimize transaction costs can result in employment discrimination
Indicate whether the statement is true or false
T Economizing on transaction costs may include relying on the average productivity of members of groups with certain characteristics, such as age, sex, or race, rather than gathering more information on an individual applicant, and the resulting decision may be discriminatory.
You might also like to view...
Consumer Willingness to Pay Tom $40 Dick $30 Harriet $25 The table above lists the highest prices three consumers, Tom, Dick and Harriet, are willing to pay for a short-sleeved polo shirt. If the price of one of the shirts is $28 dollars
A) Tom will buy two shirts, Dick will buy one shirt and Harriet will buy no shirts.
B) Tom will receive $12 of consumer surplus from buying one shirt.
C) Tom and Dick receive a total of $70 of consumer surplus from buying one shirt each. Harriet will buy no shirts.
D) Harriet will receive $25 of consumer surplus since she will buy no shirts.
When using the economic efficiency approach to controlling air and water pollution, the government
a. forces each firm to produce emissions in the most cost efficient manner irrespective of its cost structure b. offers each firm the flexibility to reduce emissions in the most cost effective manner, given its unique cost structure c. offers each firm the option of choosing between the cost minimizing emission level and the profit maximizing emission level d. provides each firm with some fixed rules and then requires them to maximize profits given these fixed rules e. offers each firm the option of using marginal cost pricing and average cost pricing when determining the optimum emissions levels
The demand for labor by a certain firm fluctuates as the demand for that firm's product fluctuates
a. True b. False Indicate whether the statement is true or false
In most developed countries, the largest and fastest growing component of government expenditure has been
a) national defense b) transfer payments c) interest on the national debt d) transportation expenditures e) the cost of maintaining the legal system