Harry Holzer's Research Investigating the Relationships Between Firm Size and Employment

question 13

Multiple Choice

Harry Holzer's research investigating the relationships between firm size and employment hiring practices indicates that:

• A) large companies hire much smaller percentages of Black employees than small companies.
• B) small companies hire much smaller percentages of Black employees than larger companies do.
• C) small and large companies employ about the same percentages of Black employees.
• D) larger firms are less likely to have formal hiring practices than smaller firms.

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Definitions:

Closed Economy

An economic system that does not interact with other economies in terms of trade, investment, or migration.

Closed Economy

An economic system that does not engage in international trade with outside countries and relies wholly on its own resources.

Loanable Funds

The funds available for borrowing in the financial markets, consisting of savings and sometimes bank loans that are available to be lent to businesses and individuals.

Interest Rate

The rate at which borrowers are charged for accessing assets, specified as a percentage of the original sum borrowed.