Author Question: Elasticities measure the response of one variable to random shocks from unknown factors. Indicate ... (Read 63 times)

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.