Consider a theory of discrimination based on the assumption that white employees dislike associating with black employees. Such a theory would predict that
a. blacks will be paid a lower wage than whites.
b. the workforce will be heavily segregated.
c. white workers will have better capital than black workers.
d. black unemployment will be higher than white unemployment.
b. the workforce will be heavily segregated.
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(Consider This) Martha's Milkshake Company buys earthquake insurance from the Stable Ground Insurance Company. Based on this purchase, economists would conclude that:
A. Martha's believes a damaging earthquake is imminent. B. Stable Ground believes no damaging earthquakes will occur. C. Martha's has a lower tolerance for earthquake risk than Stable Ground. D. Martha's has a greater tolerance for earthquake risk than Stable Ground.
If a firm is an oligopolist, which is NOT true?
A) It must pay attention to other firms' prices. B) It is one of a relatively small number of firms dominating its industry. C) It can sell all the units it wants at the going market price. D) It is engaged in a strategic game.
________ is a calculation that adds up costs and benefits using a common unit of measurement, like dollar values
A) Expenditure-income analysis B) Budget constraint analysis C) Revenue-income analysis D) Cost-benefit analysis
Historically, the change in real GDP during recessions has been
a. mostly a change in investment spending. b. mostly a change in consumption spending. c. about equally divided between consumption and investment spending. d. sometimes mostly a change in consumption and sometimes mostly a change in investment.