Which of the Following Is True of the Age Discrimination

question 14

Multiple Choice

Which of the following is true of the Age Discrimination in Employment Act of 1967?

• A) It applies to employers having 10 or more employees.
• B) It does not apply to industries that affect interstate commerce.
• C) It applies to unions that have a maximum of 20 members.
• D) It does not apply to state employers.

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Definitions:

Supply Function

A mathematical relationship that describes the quantity of a good or service that producers are willing to sell at each possible price.

Long-Run Total Cost Function

An economic concept that describes how the total cost of production changes in response to changes in output over the long term, when all input factors can be varied.

Long-Run Supply Function

A representation of the relationship between the price of a good and the quantity supplied over a period where all factors of production are variable.

Long-Run Cost Function

An economic concept reflecting the total cost of production where all inputs can be fully adjusted to minimize costs.