Consider a labor market in which employers discriminate against African Americans. Comparing the labor market equilibrium with no discrimination to the equilibrium with discrimination,
A. The African American wage rate is higher without discrimination than with discrimination.
B. The number of African American workers hired is lower without discrimination than with discrimination.
C. The white wage rate is higher without discrimination than with discrimination.
D. The African American wage rate and the white wage rate are equal with and without discrimination; only the number of workers differs.
Answer: A
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In the above figure, point ________ shows an equal distribution of income, while point ________ shows an unequal distribution of income
A) a, b B) b, c C) b, a D) a, d
Which of the following statements is true?
a. Derived demand for labor depends on the demand for the product labor produces. b. Unions can either increase demand or decrease the supply of labor. c. Investment in human capital is expected to increase the demand for those workers. d. All of these.