Scenario 19-6 Suppose That in the Competitive Market for Auto Repair, Firms

question 125

Short Answer

Scenario 19-6
Suppose that in the competitive market for auto repair, firms prefer to hire men rather than women. Assume that the women applying for positions have the same skills, experience, and work ethic as the men. As a result of this discrimination, the demand for women is lower than it otherwise would be.
-Refer to Scenario 19-6. What conclusion can you draw about women's wages compared to men's wages in this industry?

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Definitions:

Maker

The individual or entity that creates or produces an item or is the original writer of a check or promissory note.

Without Recourse

A term indicating that the holder of a financial instrument cannot demand payment from the issuer in the case of default.

Banking Day

A business day during which financial institutions are open for business with the public.

Sight Draft

A draft that is payable as soon as it is presented to the drawee for payment.