When Customers Drive Discrimination, Owners

question 202

Multiple Choice

When customers drive discrimination, owners:

• A) who seek to maximize profit are still inclined to hire undervalued, victimized workers.
• B) who seek to maximize profit are inclined to hire overvalued, victimized workers.
• C) are not always so keen to hire undervalued, victimized workers.
• D) are always keen to hire undervalued, victimized workers.

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Definitions:

Determinant

A factor or variable that causes a change in an economic model or equation, influencing outcomes like price or quantity.

Frank Knight

An economist known for differentiating between risk (measurable uncertainty) and uncertainty (unmeasurable risk), significantly contributing to the field of economics.

Joseph Schumpeter

An Austrian political economist known for his theories on business cycles, economic development, and the concept of creative destruction.

Profit

The difference between total revenue and total cost.