In the presence of discrimination by customers,
a. market forces nevertheless always work to prevent discriminatory wage differentials.
b. discriminatory wage differentials can exist, but only if firms refrain from maximizing their profits.
c. discriminatory wage differentials can exist, but only if government reinforces customers' practices by passing laws that mandate discrimination.
d. discriminatory wage differentials can exist, even in the absence of discriminatory practices by firms or by government.
d
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Scatterbrain Samantha often forgets to lock her house. This has caused the probability of a burglary to be 30%. If her house gets broken into, she faces a property loss of $10,000, otherwise she gets to keep her $100,000 . If Samantha is offered a full coverage insurance policy for her house at $2000, would she buy the insurance?
a. Yes because she gets to now enjoy her wealth risk-free b. No, because she can take the risk and be better off c. Yes, because she gains on average with the insurance d. Both A&C
According to the quantity theory of money, a 3 percent increase in the money supply
a. causes the price level to rise by 3 percent. b. causes the price level to rise by less than 3 percent. c. leaves the price level unchanged. d. causes the price level to fall by 3 percent.