Statistical discrimination
a. arises from employer prejudice
b. arises from consumer prejudice
c. does not involve prejudice by employers or consumers
d. is illegal in the United States
e. tends to reduce the profits of profit-maximizing firms
C
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"All else constant, consumers will purchase more of a good as the price falls." This statement reflects the behavior underlying:
A. a change in demand. B. the demand curve. C. the supply curve. D. a change in supply.
Which of the following would most likely reach the long run most rapidly?
a. a nuclear power plant b. a college c. a lumber mill d. a shopping mall e. a hot dog stand
In the aggregate expenditures model, if aggregate expenditures (AE) equal $6 trillion and GDP equals $7 trillion, then:
A. inventory depletion equals ?$1 trillion. B. inventory accumulation equals $1 trillion. C. investment equals $1 trillion. D. investment equals ?$1 trillion.
Refer to the information provided in Table 31.2 below to answer the question(s) that follow.Table 31.2PeriodQuantity of Labor (L)Quantity of Capital (K)Total Output (Y)1 50 50 2002 50 60 2153 50 70 2254 50 80 230Refer to Table 31.2. From Period 2 to Period 3, the marginal return to capital is equal to
A. 1.0. B. 2.0. C. 3.21. D. 3.58.