Economists are skeptical that discrimination is employer driven because
a. discrimination cannot exist in markets.
b. employers are not really interested in maximizing profit.
c. employers typically base wages paid on the prevailing market wage.
d. holding productivity constant, a profit-maximizing employer will hire the cheapest labor available.
d
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The above figure shows the marginal social benefit and marginal social cost curves of chocolate in the nation of Kaffenia. At Kaffenia's efficient quantity of chocolate
A) total consumer surplus is zero. B) total producer surplus is zero. C) the sum of consumer surplus and producer surplus is zero. D) the sum of consumer surplus and producer surplus is maximized.
Briefly explain why the reported official unemployment rate in Spain in 1994 may have provided an over-estimate of unemployment in Spain
What will be an ideal response?