Economists understand that using statistical discrimination
A. is never rational.
B. is always illegal.
C. means some individuals are discouraged from acquiring skills.
D. All of the above
Answer: C
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In order for price discrimination to exist
A) markets must be capable of being separated. B) markets must be interdependent. C) different demand price elasticities must exist in different markets. D) demand price elasticities must be identical in all markets. E) Both A and C
If real GDP in a year was $20 trillion and the price index was 120, then nominal GDP in that year was approximately:
a. $30 trillion b. $24 trillion c. $12 trillion d. $10 trillion
An expansionary monetary policy results in lower interest rates, which in turn
A. increases the foreign demand for U.S. financial instruments, lowering the international price of the dollar and decreasing net exports. B. reduces the foreign demand for U.S. financial instruments and reduce net exports. C. increases foreign demand for U.S. financial instruments, raising the international price of the dollar and reducing net exports. D. reduces the international price of the dollar and increases net exports.
Which legal claim has a fixed annual coupon payment?
A. common stock B. preferred stock C. bond D. reinvestment