By definition, there is discrimination when the marketplace offers different opportunities to similar individuals who differ only by
a. race, ethnic group, sex, age, or other personal characteristics.
b. qualifications, experience, or job preferences.
c. levels of human capital.
d. All of the above are correct.
a
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Monopolistically competitive firms do not achieve allocative efficiency in the long run because
a. marginal cost equals marginal revenue b. marginal cost is greater than marginal revenue c. marginal cost is less than marginal revenue d. price is less than marginal cost e. price is greater than marginal cost
In general, developed countries depend more heavily on indirect taxes on goods and services than do developing countries
a. True b. False Indicate whether the statement is true or false
Federal subsidies to higher education have the effect of
a. increasing the number of people seeking higher education and lowering tuition b. increasing the number of people seeking higher education and raising tuition c. decreasing the number of people seeking higher education and lowering tuition d. decreasing the number of people seeking higher education and raising tuition
The data suggest that in the European Union countries, the natural rate of unemployment
A) is now higher than in the U.S. B) is no longer a relevant concept. C) has steadily declined over the past two decades. D) will soon exceed the percentage of the labor force that is working. E) has become less "natural," since it is now almost entirely determined by the policies of a few large corporations.