Discrimination by a manager in the hiring process may be consistent with the decision to maximize profits if
a. customers are willing to pay higher prices in order to maintain the discrimination.
b. the discrimination is based on race but not gender.
c. the discrimination is based on gender but not race.
d. Discrimination is never consistent with profit maximization.
a
Economics
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When a reduction in the price of a good allows a consumer to purchase more of all goods, this effect is called the:
a. income effect. b. substitution effect. c. elasticity effect. d. monetary effect.
Economics
According to Milton Friedman, there are two Phillips curves, a short-run one and a long-run one
Indicate whether the statement is true or false
Economics