The Civil Rights Act of 1991 Requires That Each Stage

question 20

True/False

The Civil Rights Act of 1991 requires that each stage of the selection process be examined separately when investigating disparate treatment.

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Definitions:

External Costs

These are costs of a transaction that affect someone who did not choose to incur that cost, often not reflected in the market prices.

Adverse Selection

A situation in which one party in a transaction has more or better information than the other, often leading to an imbalance and inefficient market outcomes.

Home Insurance

A type of insurance policy that provides coverage for damages or losses to an individual’s residence and possessions.

Pollution Abatement

Actions taken to reduce, control, or eliminate pollution from a given source.