Some Types of Discrimination in the Labour Market Will Be

question 47

Multiple Choice

Some types of discrimination in the labour market will be limited by

• A)the minimum wage.
• B)entry of of discriminating firms into the market.
• C)an increase in the number of individuals discriminated against.
• D)the desire of firms to maximize profits.
• E)greater monopoly power in the market.

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Definitions:

Direct Materials

Raw materials that can be directly attributed to the manufacturing of a product.

Direct Labor-Hours

Overall hours employees spend directly involved in the fabricating process.

Variable Overhead

Overhead costs that fluctuate with the level of production activity, such as utilities or indirect materials.

Direct Materials

Raw materials that are directly attributable and allocable to a finished product in the manufacturing process.