Which of the following statements about employer prejudice is true?
a. It would be impossible for employer prejudice to exist in a firm that sells its output in a competitive market unless all rivals also discriminate.
b. Economic theory tells us that it would be impossible for employer prejudice to exist in a firm that is a monopoly.
c. Employer prejudice will help a monopolist to increase his profits by satisfying his managers personal prejudices.
d. Legislation has ended employer prejudice in the United States.
e. Employer prejudice occurs only in low-paying jobs.
a
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Negotiations between the management of a company and the management of a union for the purpose of setting a mutually agreeable contract on wages, fringe benefits and working conditions for all employees in a union is know as
A) a closed shop. B) a union shop. C) collective bargaining. D) an industrial union.
Scarcity forces us to
a. limit our wants b. expand our resources c. produce more than we consume d. produce whatever we consume e. choose