Which of the following is an instance of employer prejudice that leads to wage differential?
a. Employers attempting to hire workers based on their marginal productivities
b. Employers attempting to hire only male workers
c. Workers attempting to work for only certain organizations
d. Producers purchasing raw materials from selective suppliers
e. Workers ready to work for any employer in the labor market
b
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Using the above table, when Jefferson's Cleaners hires three workers
A) the average product of labor is greater than the marginal product. B) the marginal product of labor is greater than the average product. C) it has already experienced diminishing marginal returns. D) Both answers A and C are correct.
When corporate income taxes are increased on competitive industries, the increase _____
a. will have the largest effect on firms with elastic demands b. will have the largest effect on firms with inelastic demands c. will be evenly distributed between stockholders and customers d. will have zero effect