Discrimination in the workplace results when
A. employers refuse to hire someone who is an illegal immigrant.
B. pay and treatment on a job depend on a person's race, gender, or some other characteristic.
C. employers pay people a higher wage if they are better educated.
D. people who are less productive are paid less than those who are more productive.
Answer: B
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In 1929, the CPI equaled 0.171 and in 1930, the CPI equaled 0.167. These data provide evidence of a period of:
A. trade deficit. B. expansion. C. deflation. D. inflation.
Political freedom can sometimes moderately reduce economic growth because
A) campaign contributions rob the economy of investment. B) special interest groups may gain at the expense of the overall economy. C) most jobs are in unions that are politically connected. D) none of the above.
Which of the following is not considered a factor that contributes to economic growth?
a. increased labor productivity b. increased infant mortality rates c. technological advances d. the migration of resources from areas of low productivity to areas of high productivity
Suppose a firm uses workers and office space to produce output. The firm is locked into a year-long lease on its office space, but it can easily vary the number of employee-hours it uses each day. The accompanying table describes the relationship between the number of employee-hours the firm uses each day and the firm's daily output. Each unit of output sells for $2, the hourly wage rate is $14, and the rent on the office space is $50 per day. Employee-Hours Per DayOutput Per Day0014048091201516023200 When the firm uses 9 employee-hours per day, it earns a daily ________ of ________.
A. profit; $64 B. profit; $114 C. loss; $64 D. loss; $114