A benefit to increased diversity in the workforce, optimistically speaking, is that _________________ as more workers from traditionally disadvantaged groups are able to fulfill their potential.
a. fewer minority members will need to attend college
b. more workers from advantaged groups will move up the ladder
c. the economy may recover eventually
d. the economy will benefit
d. the economy will benefit
Optimists argue that the growing proportions of minority workers will knock over remaining discriminatory barriers. The economy will benefit as an increasing proportion of workers from traditionally disadvantaged groups have a greater opportunity to fulfill their potential.
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The entry and exit of firms in a monopolistically competitive market guarantee that
A) firms can earn economic profits in the long run. B) price equals average total cost in the long run. C) marginal revenue equals marginal cost and average total cost is minimized. D) firms can earn economic profits in the short run.
An externality is a situation in which
A) private costs diverge from social costs. B) internal costs diverge from private costs. C) there are no social costs. D) the cost borne by the consumer is greater than the monetary price.