If There Is Systematic Discrimination Against a Group of Workers

question 181

Multiple Choice

If there is systematic discrimination against a group of workers, then the wage paid to those workers likely will be

• A)lower due to a higher supply of workers in that group.
• B)lower due to a lower demand for workers in that group.
• C)higher due to a lower supply of workers in that group.
• D)higher due to a higher demand for workers in that group.

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Definitions:

Objective Value

The perceived worth of a good or service based on its ability to fulfill a need or want, as opposed to subjective personal preferences.

Opportunity Cost

The cost of foregone alternatives, representing the benefits that could have been received by choosing the next best alternative.

Subjective Values

The personal importance or worth that an individual places on a good or service, which can vary greatly between people.

Time Costs

The opportunity costs associated with the time spent on an activity instead of other, potentially more valuable, activities.