The profit motive counteracts
a. consumer discrimination.
b. discrimination in sports.
c. the beauty premium.
d. None of the above is correct.
d
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An example of statistical discrimination would be:
A. charging young drivers a higher premium than older drivers. B. charging homes near a lake higher premiums for flood insurance than those on a hill. C. assuming the food will be better at an Italian restaurant than a Chinese one in the Little Italy neighborhood of NYC. D. All of these are examples of statistical discrimination.
Describe the difference between positive and normative economics. Cite an example of each
Refer to Figure 14.2. A movement from point b to point a could be caused by a(n):
A. increase in government spending. B. decrease in the price of oil. C. increase in taxes. D. a massive crop failure.
In all its corporate communications, Always Round Tire features a factory worker looking at the camera saying, "Just keep it rolling!" The reason for this logo is that it
A. indicates the expectations of the workers. B. indicates that piece rates are the only wages the workers receive. C. represents the image that the company wishes to present to its workers. D. represents the company's organizational architecture.