Once active discrimination ends, it:
A. is quickly forgotten, and efficiency is reached.
B. no longer affects people or markets.
C. can have long-lasting effects on people and markets.
D. None of these is true.
Answer: C
You might also like to view...
A nation that has a comparative advantage in a product will not import any of it.
a. true b. false
If in the short run the demand for mass transit is inelastic and in the long run the demand is elastic, then a price:
A. Increase will decrease total revenue in the short run but increase total revenue in the long run B. Increase will increase total revenue in the short run but decrease total revenue in the long run C. Decrease will increase total revenue in the short run but decrease total revenue in the long run D. Decrease will decrease total revenue in the short run and decrease total revenue in the long run