The perceived cost of hiring a black worker for an employer who is prejudiced against blacks will exceed
A. total profit.
B. the wage of whites.
C. the cost of hiring whites.
D. the white-black wage gap.
E. the wage of blacks.
Answer: E
You might also like to view...
If the Federal Reserve purchases government securities,
A) banks' reserves will increase. B) the federal funds rate will rise. C) the discount rate will be forced higher. D) None of the above answers is correct because none of the effects occur.
When interest rate increases, opportunity cost of holding money?
In a diagram of aggregate demand and supply curves, the GDP gap is measured as the
A. Vertical distance between the equilibrium output and the full-employment output. B. Horizontal distance between the equilibrium output and the full-employment output. C. Horizontal distance between the aggregate demand necessary to achieve full employment and the aggregate demand curve at equilibrium output. D. Vertical distance between the equilibrium price and the price at which the aggregate demand would intersect aggregate supply at full employment.
There is a trade-off between unemployment and inflation when the aggregate
A. Supply curve is upward-sloping. B. Supply curve is vertical. C. Demand curve is upward-sloping. D. Supply curve is downward-sloping.