Suppose Copernicus Corporation hires Damon Danielson rather than Elmer Ellison, simply because Damon is a graduate of an Ivy League school while Elmer is a graduate of a small public university. Elmer is actually more qualified than Damon. This is an
example of:
A. statistical discrimination.
B. irrational behavior.
C. monopsony exploitation.
D. human-capital discrimination.
Answer: A
You might also like to view...
If the absolute value of the slope of the demand curve is 0.25, price is $8 per unit, and quantity demanded is 12 units, then demand for this good is:
A. elastic. B. inelastic. C. perfectly elastic. D. unit elastic.
Goods that are produced in other countries and then sold domestically are called
A) exports. B) imports. C) tariffs. D) quotas.
If the government were to put policies in place to regulate carbon emissions from factories, such a policy would be a:
A. tariff. B. nudge. C. lobby. D. push.
?If a shoe store earns more than a normal profit, its:
a. ?accounting profit is zero. b. ?accounting profit is less than its economic profit. c. ?economic profit is positive. d. ?economic profit must be greater than its accounting profit. e. ?economic profit is, therefore, equal to its accounting profit.