Affirmative Action Programs

question 4

Multiple Choice

Affirmative action programs,

• A)according to critics, are clearly quota systems that lead to reverse discrimination.
• B)according to supporters, make efforts to find qualified minorities and women and hire them.
• C)according to critics, clearly lead to the hiring of unqualified people and thus reduce efficiency.
• D)All of the above are true.

Understand how efficiency and inefficiency are depicted by the PPF.

Associate the production of specific goods with points on the PPF, understanding opportunity costs related to varying production levels.

Comprehend the relationship between unemployment and the PPF.

Grasp the concept of the marginal rate of transformation and how it relates to the PPF slope.

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Definitions:

Rises

Moves upwards or increases in value or intensity.

Horizontal

Refers to something that is parallel to the ground or the horizon.

Depreciated Value

The value of an asset after accounting for depreciation, which is the reduction in value over time due to wear and tear, age, or obsolescence.

Delivery Van

A vehicle specifically designed and used for transporting goods rather than passengers.