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A School District Had to Decide Which of Two Equally

question 11

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A school district had to decide which of two equally qualified,equally senior employees to lay off.Invoking its affirmative action plan,the district retained an African-American and laid off the white teacher.The court would rule that:


Definitions:

Treasury Bills

Short-term government securities with maturities ranging from a few days to 52 weeks, issued at a discount to face value.

Inflation

A measure of the rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Efficient Capital Market

A market where all relevant information is fully and immediately reflected in securities prices, ensuring that securities are always fairly priced.

Security Prices

The market value or price at which securities, such as stocks or bonds, are bought and sold.

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