Which one of the following statements concerning employee discrimination is not true?
A. Workers accept the utility-maximizing job offer even when there is employee discrimination.
B. Employee discrimination does not affect the profitability of firms as long as firms can employ segregated work forces.
C. Employers have no reason to employ a segregated workforce if there is employee discrimination.
D. Discriminating employees act as if their wage is less than it actually is if they are employed by a firm that has an integrated workforce.
E. Employee discrimination will not produce a wage differential between equally skilled black and white workers.
Answer: C
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The dollar value of total output in the United States
A) equals the value of all physical goods sold in the United States. B) equals all the value of U.S. stocks on the world's stock exchanges. C) equals the value of all resources that can be found in the United States. D) equals the market value of all final goods and services produced in the United States.
The demand curve facing a single-price monopoly
A) lies below the marginal revenue curve. B) lies above the marginal revenue curve. C) is the same as only the marginal revenue curve. D) is the same as only the marginal cost curve. E) is the same as both the marginal revenue curve and the marginal cost curve.
How does a successful movie illustrate self-interested choices that are also in the social interest?
What will be an ideal response?
A person cutting up her credit cards in an effort to curb her spending is an example of:
A. a commitment device. B. status quo bias. C. loss aversion. D. the endowment effect.