When employment discrimination results from the personal prejudices of employers, economic theory suggests that
a. competitive forces will tend to reduce discrimination.
b. the wages of employees who are discriminated against will rise.
c. an employer who discriminates will have the same costs as those who do not discriminate.
d. discrimination by an employer will reduce production costs since the employer can pay lower wages.
A
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A) $14 trillion B) $800 billion C) $250 billion D) $1.3 trillion
Your roommate argues that he can think of no better situation than living in a deflationary economy, as prices of goods and services would continuously fall. You disagree and argue that during a deflation, people can be made worse off because
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A) interest on B) dividend payment on C) coupon payment on D) face value of
Output divided by the number of hours worked or by the number of workers is called
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