If neither employers nor consumers are prejudiced,
a. discrimination cannot occur
b. all wages will be equal for all workers
c. there will be no non-ability-based wage differentials between different groups of workers
d. statistical discrimination may still occur
e. all equally qualified potential workers have an equal chance of employment and advancement
D
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In the above figure, at the best affordable point, the marginal rate of substitution is
A) 0.5 of a hamburger per magazine. B) 1 hamburger per magazine. C) 1.33 hamburgers per magazine. D) 8 hamburgers per magazine.
Answer the following statement true (T) or false (F)
1) Market economies use capital goods because they improve productive efficiency. 2) Money functions as a medium of exchange by eliminating the need for a coincidence of wants. 3) Consumer sovereignty means that legislation now protects the rights of consumers to dispose of their incomes as they see fit. 4) Consumer sovereignty means that legislation now protects the rights of consumers to dispose of their incomes as they see fit.