Some Discriminatory Hiring Practices Can Be Expected, Even If Markets

question 157

Multiple Choice

Some discriminatory hiring practices can be expected, even if markets are competitive, as a result of

• A)unrestricted entry and exit in markets.
• B)lower costs of hiring.
• C)a perfectly elastic market demand.
• D)customer preferences.

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Definitions:

Process Theories

Theories that focus on the psychological and behavioral processes that motivate individuals to achieve certain goals.

Content Theories

Theories that focus on identifying the specific factors, such as needs or desires, that motivate people.

Invisible Hand

A metaphor used by economist Adam Smith to describe the self-regulating behavior of the marketplace.

Free Market

An economic system where prices for goods and services are determined by open market and competition, without intervention from government.