Economic discrimination takes place when an employer
A) pays workers the lowest wage possible.
B) pays workers compensating wage differentials.
C) pays lower wages to workers who are not as productive as other workers.
D) pays workers different wages on the basis of some arbitrary characteristics of workers that are irrelevant to the job performed.
D
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Borrowing in one's own currency has many advantages for low-income nations (such as Chile). Which of the following is NOT an advantage?
A) Service payments are usually retained in the nation. B) Defaults are typically not an issue. C) The nation is never obliged to repay—it can roll over the debt in perpetuity. D) More national debt actually helps credit markets deepen and mature.
From 1992-2007, the volume of currency traded worldwide:
a. slumped due to the world recession. b. increased approximately 290%. c. fluctuated wildly due to investor expectations. d. was concentrated in trades in the developing world.