Paying a person a lower wage or excluding a person from an occupation on the basis of an irrelevant characteristic such as race or gender
A) violates federal comparable worth laws.
B) can be explained by negative feedback loops.
C) creates differences in wages that economists call "compensating differentials."
D) is economic discrimination.
D
Economics
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What are the features of a Cobb-Douglas production function?
What will be an ideal response?
Economics
To maximize profits, the discriminating monopolist sells abroad rather than selling additional units at home because:
a. the home market is just too competitive. b. there would be more incentive for entry from other firms. c. the market price at home would rise and the firm would lose customers. d. it would lower total profits if it lowered its home price in order to sell the additional units.
Economics