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Social Science Clinic => Economics => Microeconomics => Topic started by: vicky on Jun 30, 2018

Title: Elasticities measure the response of one variable to random shocks from unknown factors. Indicate ...
Post by: vicky on Jun 30, 2018

Elasticities measure the response of one variable to random shocks from unknown factors.
  Indicate whether the statement is true or false

Question 2

If labor markets are competitive, discriminating employers:
 a. suffer no economic consequences from discrimination.
 b. incur higher costs as a result of discrimination and are therefore at a competitive disadvantage.
  c. incur lower costs than nondiscriminating employers and therefore have a competitive advantage.
  d. enjoy higher profits.

Title: Elasticities measure the response of one variable to random shocks from unknown factors. Indicate ...
Post by: xiaomengxian on Jun 30, 2018

Answer to Question 1

False

Answer to Question 2

b