A Study Conducted by Steven Levitt and Roland Fryer on Labor

question 1

Multiple Choice

A study conducted by Steven Levitt and Roland Fryer on labor market discrimination suggests that black-sounding names get:

• A) fewer interviews and in the long run they end up with jobs of less quality.
• B) fewer interviews but in the long run they end up with jobs of equal quality.
• C) more interviews and in the long run they end up with jobs of better quality.
• D) more interviews but in the long run they end up with jobs of less quality.

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Definitions:

Inadequate Consideration

This term implies an agreement in which the value exchanged between two parties is significantly disproportionate, questioning the fairness of the deal.

Promissory Estoppel

A legal principle that prevents a promisor from denying the promise or going back on it if the promisee has reasonably relied on the promise to their detriment.

Promisee

The individual or entity to whom a promise or commitment is made in an agreement.

Reliance

Acting based on trust in something or someone, or in contract law, actions taken based on a promise or agreement.