Statistical discrimination refers to:
A. the crowding of women or minorities into low-paying occupations.
B. significant differences in average levels of earnings by gender, race, and ethnicity, after
accounting for nondiscriminatory factors.
C. making individual hiring decisions on the basis of the characteristics of the group to which
a person belongs, rather than on his or her personal characteristics and productivity.
D. the 50-percent unexplained residual in studies that try to account for wage differences by
gender, race, and ethnic origin.
Answer: C
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Suppose the marginal propensity to consume is 0.75. A $150 billion increase in government spending shifts the IS curve
A) to the right by $50 billion. B) to the left by $50 billion. C) to the left by $600 billion. D) to the right by $600 billion.
To correct for a negative externality, a government might impose a uniform tax related only to the physical quantity of pollution if
A) the administrative costs are high. B) the cost of ascertaining the actual economic costs are relatively small. C) the economic damages are zero. D) the economic damages associated with the pollution are different across different locations.
Data on labor-force flows show that
A) almost all separations are due to death. B) almost all separations are due to serious illness. C) almost all separations are quits. D) almost all separations are layoffs. E) none of the above
Excess burden is largest with
A. lump-sum taxes. B. unit taxes. C. no taxes. D. all of these answer options are correct.