In what way do competitive markets have a "natural remedy" for discriminatory hiring practices?
a. Governments regulate to resolve problems of discrimination.
b. Profit-maximizing firms that do not discriminate tend to replace firms that discriminate.
c. Wages paid to groups that are victimized by discrimination are eventually bid up to above-equilibrium levels.
d. Discrimination is usually the outcome of rational decision-making processes, and competitive markets produce rational outcomes.
b
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Which of the following countries is a member of the Eurozone?
A) Sweden B) Finland C) Norway D) Switzerland
If a large number of people are classified as being out of the labor force when they are really looking for work, this will lead to an official unemployment rate that is lower than the true unemployment rate
Indicate whether the statement is true or false