If employers have imperfect information about job applicants, it may be rational for them to use:
a. employer prejudice.
b. worker prejudice.
c. consumer prejudice.
d. statistical discrimination.
e. occupational segregation.
d
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Along a linear demand curve,
a. both the slope and price elasticity are constant b. the price elasticity is constant, but the slope varies c. total revenues are constant d. the slope is constant, but the price elasticity varies e. total revenues are negative
An increase in the quantity of resources available
A) shifts the PPF leftward. B) shifts the PPF rightward. C) moves the economy to a new point up along a given PPF. D) moves the economy to a new point down along a given PPF.
If an economy is operating at a point inside the production possibilities curve,
A. its resources are not being used efficiently. B. opportunity costs are decreasing as more of one good is traded for the other good. C. technology has improved. D. there is full employment of all resources.
When a government increases an effective price ceiling for a product
A. the surplus in the market will be reduced. B. the shortage in the market will be reduced. C. the shortage in the market will be increased. D. the surplus in the market will increase.