Refer to the Information Provided

question 42

Multiple Choice

Refer to the information provided.Why might an economist be sceptical of Billy's discrimination complaint?

• A)in a competitive market, employers pay employees based on their value to the firm
• B)discrimination leads to profit maximisation
• C)only cost minimisers practice discrimination
• D)through anti-trust laws, discriminating firms can be penalised with large fees

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Definitions:

Exports

Exports refer to goods or services produced in one country and sold to buyers in another country, contributing to the producing country's economy.

Imports

Goods or services brought into a country from abroad for sale or use.

Trade Surplus

A situation where a country exports more goods and services than it imports.

Exports

Goods or services produced in one country and sold to buyers in another, contributing to a country's gross domestic product.