The ability to produce the same quantity of a good or service using fewer units of labor is known as
A) competitive dominance.
B) productive dominance.
C) comparative advantage.
D) absolute advantage.
Answer: D
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Which of the following statements is most accurate about the role of minorities in the U.S.?
a. The armed services were desegregated before World War II. b. Although African Americans had historically lived on agricultural areas, by 1970 about 75% of African Americans lived in urban areas. c. During World War II, there was a large increase in demand for hiring highly skilled Japanese-Americans.
Discrimination by a manager in the hiring process
a. decreases the firm's costs. b. increases the firm's costs. c. is evident if a white manager refuses to hire a certain black applicant. d. is evident if a male manager fails to hire a certain female applicant.