By 1964, nearly all blacks outside the South were covered by laws that allowed the government to issue cease and desist orders against discriminating firms. According to recent research by William Collins, these laws
a. were successful in improving the wages and working conditions of all African-Americans.
b. were successful in improving the wages and working conditions of only Southern African-Americans.
c. led to lower wages and deteriorating working conditions for African-Americans.
d. had some success in improving the wages and working conditions of African-American women.
d. had some success in improving the wages and working conditions of African-American women.
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Advertising by firms in monopolistic competition
A) provides consumers with no useful information. B) does not occur. C) can persuade customers that product differentiation exists. D) wastes resources because the entry of rivals forces firms to be price takers.
Accounting profit is usually smaller than economic profit.
Answer the following statement true (T) or false (F)
For a monopolist, total revenues will:
A. always decrease as output increases. B. decrease and eventually increase as output increases. C. always increase as output increases. D. increase and eventually decrease as output increases.
All of the following contributed to a surge in international lending to developing countries in the mid-1970s to early 1980s EXCEPT
A. There was widespread pessimism about the profits that could be earned through new business investments in the industrial countries. B. The governments of the developing countries discouraged foreign direct investment (FDI). C. Oil-exporting countries had a high short-run propensity to save out of their extra income. D. Oil-exporting countries invested most of their increased savings in government bonds issued by developing-country governments.