Describe the audit method of detecting discrimination
What will be an ideal response?
The audit method of detecting discrimination involves researchers faking identities for people who are essentially alike but differ in race, gender, or some other characteristic, deliberately placing these people in a position where they can be discriminated against, and observing whether there is a significant disagreement in how they are treated.
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What is the impact of an interest ceiling on bank deposits but not on loans?
Which of the following is most likely to be characterized by substantial asymmetric information?
a. a soft drink purchased in a vending machine b. a car wash to benefit the local high school band c. a collectible baseball card purchased on eBay d. wireless service that includes unlimited minutes and texting