In What Way Do Competitive Markets Have a "Natural Remedy

question 377

Multiple Choice

In what way do competitive markets have a "natural remedy" for discriminatory hiring practices?

• A)Governments regulate to resolve problems of discrimination.
• B)Profit-maximizing firms that do not discriminate tend to replace firms that discriminate.
• C)Wages paid to groups that are victimized by discrimination are eventually bid up to above-equilibrium levels.
• D)Discrimination is usually the outcome of rational decision-making processes, and competitive markets produce rational outcomes.

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Definitions:

Bidirection

Pertaining to or involving movement, influence, or action in two opposite directions.

Unidirectional

Describes a process or communication that moves in one direction only, from sender to receiver, without expecting an answer or feedback.

Hazing Incidents

Acts of initiating someone into a group by subjecting them to abusive, humiliating, or dangerous activities.

Team-Building

Activities and exercises designed to enhance social relations and define roles within teams, often involving collaborative tasks.