If labor markets are competitive, discriminating employers:
a. suffer no economic consequences from discrimination
b. incur higher costs as a result of discrimination and are therefore at a competitive disadvantage.
c. incur lower costs than nondiscriminating employers and therefore have a competitive advantage.
d. enjoy higher profits.
b
You might also like to view...
Merchant banks and land mortgage companies were the result of the expansions in the transportation and industrial systems
Indicate whether the statement is true or false
What are the reasons for unequal distribution of income? List at least six reasons
A decrease in a broad index of commodity prices suggests to the Fed that
a. money is plentiful, and the Fed should conduct restrictive policy. b. money is plentiful, and the Fed should conduct expansionary policy. c. deflation is a potential future danger, and the Fed should conduct expansionary policy. d. future prices will likely increase, and the Fed should conduct expansionary policy.
In a perfectly competitive market:
A. only price adjusts in both the short run and the long run. B. only quantity adjusts in both the short run and the long run. C. price does more of the adjusting in the short run and quantity does more of the adjusting in the long run. D. price does more of the adjusting in the long run and quantity does more of the adjusting in the short run.