An Efficient Allocation of Labor Occurs When the

question 150

Multiple Choice

An efficient allocation of labor occurs when the

• A) marginal benefit to workers exceeds the marginal benefit to firms.
• B) marginal benefit to firms exceeds the marginal benefit to workers.
• C) marginal cost to workers is equal to the marginal benefit to firms.
• D) marginal cost and marginal benefit of both workers and the firms are equal to zero.
• E) marginal benefit of workers exceeds the marginal cost to firms by as much as possible.

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Definitions:

Discrimination

The unjust or prejudicial treatment of different categories of people or things, particularly on the grounds of race, age, or sex.

Implicit Prejudice

The subconscious negative evaluation or biases against individuals or groups, which can influence behavior and perceptions without conscious awareness.

Explicit Prejudice

A form of prejudice that individuals are consciously aware of and can express openly, involving negative attitudes or beliefs towards a group.

Presidential Candidate

An individual who campaigns for election to the presidency, the highest executive office in a country.