In What Way Do Competitive Markets Have a Natural Remedy

question 77

Multiple Choice

In what way do competitive markets have a natural remedy for discriminatory hiring practices

• A)Government naturally steps in to resolve problems of discrimination.
• B)Profit-maximizing firms that do not discriminate tend to replace firms that discriminate.
• C)Wages paid to groups that are victimized by discrimination are eventually bid up to above-equilibrium levels.
• D)Workers who receive a wage less than their marginal product will leave the firm.

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Definitions:

Insulin

A hormone produced by the pancreas that regulates blood sugar levels by facilitating the uptake of glucose into tissues.

Bloodstream

The flowing blood within the circulatory system of the body.

Hormones

Chemical substances produced in the body that regulate and control the activity of certain cells or organs, influencing growth, metabolism, and mood.

Functional Magnetic Resonance Imaging

An imaging technique used to observe brain activity by detecting changes associated with blood flow, enabling researchers to study the brain in action.