Business owners who care only about making money are
a. likely to discriminate against certain groups of workers.
b. likely to be replaced by discriminating businesses.
c. more concerned about racial discrimination than gender discrimination.
d. at an advantage when competing against those who practice discrimination.
d
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In economic analysis, any amount of profit earned above zero is considered "above normal" because
A) normally firms are supposed to earn zero profit. B) this would indicate that the firm's revenue exceeded both its accounting and opportunity cost. C) this would indicate that the firm was at least earning a profit equal to its opportunity cost. D) this would indicate that the firm's revenue exceeded its accounting cost.
The form of economics most relevant to managerial decision-making within the firm is:
a. macroeconomics b. welfare economics c. free-enterprise economics d. microeconomics e. none of the above