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:

Four-part Ribbed Vault

An architectural element featuring a vault divided into four sections by diagonal ribs, commonly used in Gothic cathedral construction.

Dome

A hemispherical vault; theoretically, an arch rotated on its vertical axis. In Mycenaean architecture, domes are beehive-shaped.

Barrel Vault

An architectural element forming a continuous arch and resembling a barrel or tunnel shape, which has been used since ancient times for constructing ceilings and passageways.

Sainte-Chapelle

A Gothic chapel in Paris, renowned for its stunning stained glass windows and considered a high point of the Rayonnant period of Gothic architecture.