Some Economists Are Skeptical of the Argument That Employers Are

question 359

Multiple Choice

Some economists are skeptical of the argument that employers are responsible for discriminatory wage differences. They argue that market economies provide a natural remedy to employer discrimination, and that remedy is

• A)social responsibility.
• B)the profit motive.
• C)fear of reprisal from groups that suffer from those wage differences.
• D)fear of reprisal from government in the form of prosecution.

Understand the concept of contribution margin and its application in determining break-even points and target profits.

Analyze the impact of changes in sales volume, selling price, and cost structure on net operating income.

Calculate and interpret the margin of safety in both dollar and percentage terms.

Understand the concept of operating leverage and its effect on profitability.

---

Definitions:

Adulthood

The period in human development after adolescence, marked by full physical development, legal responsibilities, and social independence.

Endurance

The capacity to sustain a physical or mental effort for an extended period, often critical in sports, academics, and personal challenges.

Physical Activity

Any bodily movement produced by skeletal muscles that requires energy expenditure, including exercise and daily movements.

Good Nutrition

The intake of a balanced diet that provides all essential nutrients, vitamins, and minerals required for the body's optimal growth, development, and functioning.