Which of the Following Statements Regarding Discrimination Is True

question 27

Multiple Choice

Which of the following statements regarding discrimination is true?

• A) The existence of a wage differential among groups is strong evidence of discrimination in the labour market.
• B) Discrimination can only persist in a competitive labour market if customers are willing to pay to maintain the discriminatory practice or the government requires discrimination.
• C) Bigoted employers are the main source of a persistent discriminatory wage differential in a competitive market.
• D) Discrimination cannot exist in a competitive labour market.

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Definitions:

World Economy

The global network of economic activities and interactions among countries' economies, including trade, investment, and currency exchange.

Gold Production

The process of extracting gold ore from the earth and refining it into pure gold.

Balance of Payments

A record of all economic transactions between the residents of a country and the rest of the world in a given period of time, which includes the trade balance, foreign investments, and loans.

Flexible Exchange Rates

A currency system where the value of a currency in relation to others is determined by the foreign exchange market without direct government control.