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One Example of Labor-Market Discrimination Is That Firms May Be

question 3

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One example of labor-market discrimination is that firms may be less likely to interview job-market candidates whose names suggest that they are members of a racial minority.


Definitions:

Partnership

A legal form of business operation between two or more individuals who share management and profits.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, dramatically transforming societies from agrarian to industrial.

Specialized Equipment

Machinery or tools designed for a particular purpose or industry, enhancing efficiency and productivity in specific tasks.

Division of Labor

The division of separate components of a manufacturing procedure or task among different individuals for the purpose of increasing efficiency.

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