Use the Following to Answer Question(s): Discrimination

question 98

Multiple Choice

Use the following to answer question(s) : Discrimination

-Much of the recently declining wage gap between white males and blacks and women is due to _______ blacks and women, but some of the decline is due to _______ .

• A) the increase in labor-market participation by; the decrease in market competition
• B) the acquisition of human capital by; a decrease in discrimination
• C) the elimination of affirmative action for most; increased market activity
• D) an increase in discrimination against; a reduction in discrimination against religious workers

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Definitions:

Initial Endowment

The set of resources or assets that agents possess at the start of an economic analysis or experiment.

Pareto Optimal

A scenario in resource distribution where enhancing the welfare of a single person would lead to a detriment to another person.

Utility Function

A mathematical representation that ranks an individual's preferences for various outcomes, reflecting the level of satisfaction or happiness that different bundles of goods and services provide to the individual.

Edgeworth Box

A diagram used in economics to show the distribution of resources and the potential for Pareto improvements within an exchange economy.