From a purely economic point of view, discrimination exists when
A. black teenagers earn more than white teenagers.
B. all factors are earning average products.
C. women earn less than men.
D. equivalent factors earn different payments for equal contributions to output.
Answer: D
You might also like to view...
The concept of odious debt implies
(a) an excessive debt. (b) a debt that is not the responsibility of the nation's people. (c) a large debt burden. (d) the total external debt of a nation's people.
The intuition behind the slope of the LM curve is that
a. as the interest rate increases, the money supply increases and income increases. b. as the interest rate increases, investment and income decreases. c. as income increases, money demand increases which increases interest rates. d. as income increases, money demand decreases which decreases interest rates. e. none of the above.
The monopolistic competitor
A. may make a profit in the short run but not in the long run. B. may make a profit in the long run but not in the short run. C. may make a profit in both the short run and the long run. D. may make a profit in neither the short run nor the long run.
Small menu costs are a common reason offered for the existence of
A. sticky output adjustments. B. sticky wages. C. sticky prices. D. sticky resource prices.