Race May Be a Bona Fide Occupational Qualification When the Employee

question 13

True/False

Race may be a bona fide occupational qualification when the employee will be working with children of a different race.

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Definitions:

Competitive Industry

An industry characterized by many firms, free entry and exit, and a product for which every seller is a price taker.

Perfectly Elastic

A situation in which the quantity demanded or supplied changes infinitely in response to any change in price, represented by a horizontal demand or supply curve.

Input Prices

The cost of resources used in the production process, including labor, materials, and capital.

Price Ceilings

Legal maximum prices set for particular goods and services, intended to protect consumers from very high prices.