If hiring a minority would drive away customers, then discriminating against that minority might increase profits for the business that is doing the hiring
Indicate whether the statement is true or false
TRUE
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In a perfectly competitive capital market, when the firm's marginal revenue product of capital exceeds the market interest rate, the
a. firm is maximizing profit b. firm should increase its quantity demanded of loanable funds c. firm should decrease its quantity demanded of loanable funds d. capital market is in equilibrium e. firm should reduce the rate of interest
If the demand for British pounds decreases,
a. the equilibrium price of the pound will increase b. the equilibrium price of the pound will decrease c. the equilibrium price of the pound will not change d. the equilibrium price of the pound will change, but we need additional information to predict the direction of the change e. no one can predict what will happen
The excess supply created when the government imposes a price floor
a. shifts the equilibrium price upward to the price ceiling level b. is the difference between the quantity demanded at the old equilibrium price and quantity supplied at the price set by the price ceiling c. is the difference between the quantity demanded at the price set by the price ceiling and quantity supplied at the old equilibrium price d. is the difference between the quantity supplied and the quantity demanded at the price set by the price ceiling e. is the difference between the old equilibrium price and the price set by the price ceiling
The principal objective of the Federal Reserve System is to
a. circulate coins and paper Federal Reserve Notes. b. subsidize the income of member banks. c. help stabilize the economy through monetary policy. d. make profits to remit to the Treasury Department.