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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In recent cases, the U.S. placed quotas or protectionist tariffs on imported steel and imported microchips. In both cases the damage to "downstream" industries was obvious to all and relatively easy to quantify and demonstrate. Assuming that the
lawmakers are not plain dumb, why did they enact these protectionist policies?
Which of the following is a nominal quantity?
A. The number of people unemployed B. The amount of coal mined in one month C. The current price of a barrel of oil D. The number of cars produced in 2017