If a restaurant hired only men to be bartenders because that is the way their patrons wanted it, this would be an example of
A. rational discrimination.
B. statistical discrimination.
C. adverse impact discrimination.
D. disparate treatment discrimination.
Answer: A
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The formula for the computation of labor productivity is
A) nominal GDP/number of workers. B) real GDP/number of workers. C) nominal GDP/population. D) real GDP/population.
The long-run aggregate supply curve of an economy corresponds to
A) a point inside the production possibilities curve. B) a point outside the production possibilities curve. C) a point on the production possibilities curve. D) none of the above: there is no relationship between the long-run aggregate supply curve and the production possibilities curve.
Which of the following best describes the reason why the division of labor allows individuals and firms to specialize and produce more?
a. It reduces the need for more workers. b. It limits the need for economies of scale. c. It allows individuals and firms to focus on areas of disadvantage due to natural factors and skill levels. d. It allows individuals and firms to take advantage of economies of scale.
The United States tends to rely more on private health insurance than other countries do.
Answer the following statement true (T) or false (F)