When firms focus on profit maximization, which form of wage discrimination is least likely to occur?
a. discrimination based on race
b. discrimination in sports
c. consumer discrimination
d. discrimination based on educational attainment
a
You might also like to view...
________ is defined as the change in quantity between two dates
A) Growth rate B) Improvement ratio C) Development ratio D) Progress index
Explain the effect on the demand for dollars in the foreign exchange market of an increase in the U.S. interest rate differential
What will be an ideal response?
When the price of audio books, a normal good, falls, causing your purchasing power to rise, you buy more of them due to
A) the deadweight loss effect. B) the elasticity effect. C) the income effect. D) the substitution effect.
A good that has external benefits associated with its production will be
A) produced at the optimal level. B) underproduced. C) overproduced. D) not produced.