The crowding model of discrimination suggests that:
A. women and selected minorities are systematically excluded from high-paying occupations
and crowded into low-paying occupations, decreasing their wages and reducing domestic
output.
B. employers having high discrimination coefficients will be crowded out by nondiscriminating
employers in the long run.
C. firms will base hiring decisions on group averages, rather than on individual characteristics
and productivity.
D. occupational segregation is largely the result of freely made rational choices of women and
minorities.
Answer: A
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Assume there is a reduction in the shipments of petroleum products due to political tension in the Persian Gulf. Which of the following would not be expected to happen?
A) Oil companies would "ration" their supplies of gasoline by raising price. B) There would be a shortage of the original equilibrium price. C) Quantity demanded would decrease. D) The demand curve would shift to the left.
How does a change in demand differ from a change in the quantity demanded? a. A change in demand can only be caused by a change in price, whereas a change in quantity demanded can be caused by anything other than a change in price
b. A change in quantity demanded is a shift of the demand curve, whereas a change in demand is a movement along the demand curve. c. A change in demand can only occur in the long run, whereas a change in quantity demanded is specifically short run. d. A change in demand is a shift of the demand curve, whereas a change in quantity demanded is a movement along the demand curve. e. A change in demand can only occur in the short run, whereas a change in quantity demanded is specifically long run.