For economists, discrimination is difficult to rationalize because:
a. it is costly to those who discriminate.
b. the firms can actually reap greater profits by discriminating between their workers.
c. in a freely functioning labor market, there is no such thing as discrimination.
d. economists know that in the real world, personal prejudices do not exist.
e. wages will not be allowed to fall below their natural equilibrium rate.
a
You might also like to view...
Trade between industrial countries account for the majority of international trade
a. True b. False Indicate whether the statement is true or false
The suggestions that have been made to allow small-market baseball teams to compete include
A. revenue sharing. B. both a salary cap and revenue sharing. C. a salary cap. D. expansion to smaller cities.
The division of labor refers to
A) the separation of blue-collared workers and white-collared workers. B) finding the best order of performing tasks. C) the separation of workers into union workers and non-union workers. D) the assignment of different workers to different tasks.
The position of a demand curve is unaffected by changes in the price of the good
a. True b. False Indicate whether the statement is true or false