When employment discrimination results from the personal prejudices of employers, economic theory suggests that
a. discrimination by an employer will reduce production costs since the employer can pay lower wages.
b. the wages of employees who are discriminated against will rise.
c. an employer who discriminates will have the same costs as those who do not discriminate.
d. competitive forces will tend to reduce discrimination.
d. competitive forces will tend to reduce discrimination.
You might also like to view...
The figure above shows that the deadweight loss from the government's policy is
A) about $350 million. B) about $25 million. C) about $50 million. D) about $100 million. E) zero.
Which of the following is included in a nation's current account?
I. the import of services II. a change of foreign currency holdings III. net transfers, such as foreign aid payments A) I and III B) I and II C) II and III D) III only
Here's what we know about last year's weekly demand for 2-night DVD rentals in the Village of Harmony: When P = $3, Qd = 100; at P = $5, Qd = 75; and when P = $7, Qd = 50. This year the village population has increased by 25%
What impact is this most likely to have? A) Each individual's demand for DVD rentals will increase. B) Each individual's demand curve for DVD rentals will shift to the left. C) The market demand curve for DVD rentals shifts left. D) The market demand for DVD rentals increases.
An unregulated natural monopolist would produce to the point at which
A) P = AC. B) MR = AC. C) MR = MC. D) P = MR.