In the Santa Rita silver mines in Arizona in 1870, Mexican miners received about $12 per month, while “American” miners received $70. Although the wages of both groups tended to rise over time, the gap persisted until at least 1910. Mexican and American miners did the same work and were equally productive. Economists call this pay differential as
A. prejudicial differentials.
B. compensating differentials.
C. economic discrimination.
D. Lorenz discrimination.
Answer: C
You might also like to view...
Calculate the expected value of an investment that has the following payoff frequency: a quarter of the time it will pay $2,000, half of the time it will pay $1,000 and the remaining time it will pay $0.
What will be an ideal response?
Money is the standard of exchange by which any type of goods can be purchased.
Answer the following statement true (T) or false (F)
Which of the following would not shift the aggregate demand curve? Changes in:
A. Productivity rates B. Foreign-exchange rates C. Real interest rates D. Income tax rates
Normative statements i. describe how the world is. ii. describe how the world ought to be. iii. depend on people's values and cannot be tested
A) i only B) ii only C) iii only D) ii and iii E) i and iii