Assume that a company has several male workers who do not give their full cooperation to female supervisors making them less effective as supervisors. Economists would refer to this type of situation as ____.
A. statistical discrimination
B. discrimination by fellow workers
C. discrimination by employers
D. non-discrimination
Answer: B
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Uber uses what is known as surge pricing to set prices based on the number of people who request rides at a given time in a given area. Based on this pricing method, prices will
A) fall when supply decreases. B) rise when demand decreases. C) rise when supply increases. D) rise when demand increases.
Assume a firm is run as a zero-profit enterprise. Which of the following would be TRUE?
A) There is a higher probability that wage reductions would outweigh layoffs. B) Those in charge would not act any different than regular owners, there would still be layoffs. C) Those not in charge would remain risk neutral. D) Wage reductions would be lower than they would be if the firm was run for profit.