An employer whose discrimination coefficient is $4 will:
A. refuse to hire nonpreferred-race workers at any wage rate.
B. hire only nonpreferred-race workers if the actual nonpreferred-preferred wage differential is
$3 an hour.
C. hire only preferred-race workers if the actual nonpreferred-preferred wage differential is $3
an hour.
D. hire only preferred-race workers if the nonpreferred-preferred wage differential is $4.
Answer: C
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Answer the following statement true (T) or false (F)
A __________ discount rate makes it __________ advantageous to sell securities to obtain additional reserves
A) higher; less B) lower; more C) higher; more D) None of the above.
Deficits that arise from discretionary fiscal policy lead to: a. increased private demand for money, which is offset by the sale of more government securities
b. decreased private demand for money, which is offset by the sale of more government securities and higher interest rates c. increases in the number of government securities sold to the public and higher interest rates. d. decreases in the number of government securities sold to the public and higher interest rates. e. increases in the public's demand for money and increases in the number of government securities sold to the public, leading to lower interest rates.
Assume Ireland can produce 4 units of good X or 2 units of good Y. France can produce 3 units of good X or 9 units of good Y. What would be the terms of trade between Ireland and France for 1 unit of good X?
A. Between 1/2 and 3 units of Y. B. Between 1/3 and 3 units of Y. C. Between 4 and 9 units of Y. D. Between 1/3 and 1/2 units of Y.