A particular woman is denied on-the-job training because women on average are more likely to drop out of the workforce than men. This illustrates:
A. occupational segregation.
B. the crowding model.
C. the taste-for-discrimination model.
D. statistical discrimination.
Answer: D
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The shifting or returning of government economic functions to individuals and firms in the economy is known as
a. liberalization. b. intervention. c. competition. d. privatization.
As the workforce ages,
A) structural and frictional unemployment increase. B) cyclical unemployment declines. C) cyclical unemployment increases. D) the natural rate of unemployment declines.
An example of something that might be sold in the underground economy is:
A. baby-sitting services. B. lawn-mowing services. C. endangered animals. D. All of these could be exchanged in the underground economy.
After getting an A on your economics exam, you decide to go to your favorite Mexican restaurant to celebrate. You are having trouble deciding whether to order the chipotle chicken chimichanga or the cilantro seafood enchiladas. Use the rule of equal
marginal utility per dollar to determine which one to purchase: (a) the chimichanga for $8 which gives you 120 units of utility, or (b) the enchiladas for $15 which gives you 195 units of utility? Assume your budget is large enough to purchase either item. What will be an ideal response?