Scenario 19-3 Ethan Works for the Local Piano Moving Company Part Time

question 44

Multiple Choice

Scenario 19-3
Ethan works for the local piano moving company part time after school.Ethan has worked on the job for a couple of years but still hasn't received a wage increase even though newer employees have received raises.Ethan has threatened his employer with a lawsuit if he doesn't get a raise in the next few weeks.Ethan believes he is a victim of labour-market discrimination.
-Refer to Scenario 19-3.Why might an economist be skeptical of Ethan's discrimination complaint

• A)Market equilibrium will eliminate discrimination.
• B)In a competitive market, employers pay employees based on their value to the firm.
• C)Only profit maximizers practice discrimination.
• D)Only cost minimizers practice discrimination.

Understand the importance and application of active listening skills when interviewing geriatric patients.

Identify common disorders and diseases associated with aging.

Recognize the primary roles of caregivers for elderly patients with incurable diseases.

Understand the significance of skin changes in the elderly and their implications.

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Definitions:

Discount Rate

The interest rate used to determine the present value of future cash flows in discounted cash flow analysis, reflecting the time value of money and risk.

Financial Balances

Financial balances refer to the comparison and calculation of financial resources, often focusing on the discrepancies between income and expenses or assets and liabilities.

Consolidated Expenses

Expenses that are combined from all subsidiaries and the parent company when preparing consolidated financial statements, providing a holistic view of the entity's operational cost.

Common Stock

A type of equity ownership in a corporation, with voting rights and potential for dividends, representing a share in the company's profits and losses.