Statistical discrimination:
A. can limit the opportunities of individuals just because they happen to belong to a certain group of people.
B. is an irrational response to information asymmetry.
C. is always a legal solution to information asymmetry.
D. All of these statements are true.
A. can limit the opportunities of individuals just because they happen to belong to a certain group of people.
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Headquartered in Washington, D.C., the Board of Governors of the Federal Reserve determines monetary policies and strategies based on the state of the economy
Indicate whether the statement is true or false
If the price of film increases, the demand for film processing would decrease; moreover, the equilibrium price and quantity of film processing should also decrease
a. True b. False
If a nation merges its currency with another nation to create a single currency, what must it give up?
a. the ability to purchase currency in foreign exchange markets b. the ability to determine its own nationally-oriented monetary policy c. the ability to fight recessions and control inflations d. the ability to sell currency in foreign exchange markets
Suppose that velocity rises while the money supply stays the same. It follows that
a. P x Y must rise. b. P x Y must fall. c. P x Y must be unchanged. d. the effects on P x Y are uncertain.