In the taste-for-discrimination model:
A. discriminatory employers behave as if employing nonpreferred-race workers adds to costs.
B. individual workers are judged by the characteristics of the groups to which they belong.
C. prejudiced white employers will never hire African-American workers.
D. women and minorities are confined to a limited number of occupations.
Answer: A
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All of the following are barriers to international investment EXCEPT
A) adverse selection. B) incomplete information. C) moral hazard. D) symmetric information.
Which of the following best describes a "bubble"?
A) when the price of an asset reaches a new high B) an unsustainable increase in the price of a class of assets C) rapid increases in inflation D) when bond prices rise more quickly than stock prices