Key Terms Instructions: Please Define the Following Key Terms

question 13

Short Answer

Key Terms Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
realpolitik

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Definitions:

Job Discrimination

What occurs when someone is denied a job or work assignment, or treated differently from other employees, for reasons that are not job relevant. Laws in Canada protect workers from discrimination on the grounds of race, national or ethnic origin, colour, religion, sex, age, mental or physical disability, pregnancy, marital status, and gender identity.

Consumer Surplus

The disparity between what consumers are prepared and capable of paying for a product or service and the actual amount they end up paying.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service and what they actually receive, due to market prices.

Tax

A mandatory monetary payment or different kind of tax levied on taxpayers by government entities to support government expenses and various public services.