The Figure Given Below Shows the Income-Leisure Trade Off of an Individual.Figure

question 109

Multiple Choice

The figure given below shows the income-leisure trade off of an individual.Figure 16.5
AB and AC: Income constraints of the individual
I₁, I₂, and I₃ curves show the income leisure choices of the individual.
-Which of the following statements about employer prejudice is true?

• A)It would be impossible for employer prejudice to exist in a firm that sells its output in a competitive market unless all rivals also discriminate.
• B)Economic theory tells us that it would be impossible for employer prejudice to exist in a firm that is a monopoly.
• C)Employer prejudice will help a monopolist to increase his profits by satisfying his managers personal prejudices.
• D)Legislation has ended employer prejudice in the United States.
• E)Employer prejudice occurs only in low-paying jobs.

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Definitions:

Shift

A change in position, direction, or tendency, often indicating a transformation in conditions or strategies.

Traits

Traits refer to distinguishable characteristics or attributes of organisms, which can be physical, such as color and size, or behavioral.

Geographic Isolation

Refers to populations of organisms that are separated from exchanging genetic material with other organisms of the same species by physical barriers.

Convergent Evolution

The process where organisms not closely related independently evolve similar traits as a result of having to adapt to similar environments or ecological niches.