A labor market is divided into two segments. All workers have the same qualifications and find jobs in either segment equally attractive. Initially, both segments are in competitive equilibrium. Then the development of worker prejudice that reduces the hiring of minorities in one segment can lead to a
a. permanent increase in labor supply in the discriminating segment
b. permanent increase in labor supply in the nondiscriminating sector
c. temporary change in the composition of labor in both segments which will revert back to an equal distribution of workers eventually
d. temporary increase in labor supply in both segments
e. temporary change in wage rates in both segments
B
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What is the value of the MPC if $66 out of every $100 increase in disposable income is consumed?
A) $34 B) 0.34 C) 0.66 D) $166 E) More information is needed to determine the MPC.
Core competency occurs when: a. a business focuses on a wide range of products rather than a few products. b. a business focuses on one or few products rather than a wide range of products. c. a business sells products at a high price
d. a business is merged with another profit-making business.