If a restaurant in an integrated community has an entirely white wait-staff, economists suggest it is
A. employers who must be reacting to bigoted consumers.
B. either employers discriminating for their own purposes or doing so on behalf of their bigoted customers.
C. the employer who must be the bigoted party.
D. most likely to be due to random chance.
Answer: B
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Refer to Figure 27-1. Suppose the economy is in a recession and expansionary fiscal policy is pursued. Using the static AD-AS model in the figure above, this would be depicted as a movement from
A) C to B. B) A to B. C) A to E. D) B to C. E) B to A.
Unlike the segmented markets theory, the expectations theory attributes the slope of the yield curve to
A) tax considerations. B) the fact that short-term bonds are not perfect substitutes for long-term bonds. C) the market's view of future short-term interest rates. D) the variance in the inflation rates over the business cycle.
When a perfectly competitive firm is in long-run equilibrium, economic profits
A) are positive. B) are zero. C) are negative. D) may be positive, zero or negative depending upon costs.
Economists at which administrative department analyze data on workers and those looking for work to help formulate labor-market policies?