Economists Are Skeptical That Discrimination Is Employer Driven Because

question 350

Multiple Choice

Economists are skeptical that discrimination is employer driven because

• A)discrimination cannot exist in markets.
• B)employers are not really interested in maximizing profit.
• C)employers typically base wages paid on the prevailing market wage.
• D)holding productivity constant, a profit-maximizing employer will hire the cheapest labor available.

Differentiate between one-tailed and two-tailed tests and their application in hypothesis testing.

Identify and calculate relevant statistics for ANOVA and post hoc tests.

Understand the conditions under which an independent samples t-test can be appropriately conducted.

Comprehend the formulation and application of a chi-square test for categorical data analysis.

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Definitions:

Ratification

The act of formally confirming or approving an agreement, often after the agreement is initially made, to make it officially valid.

Fiduciary Duty

An obligation to act in the best interest of another party, such as that of a trustee towards a beneficiary.

Vicarious Liability

Refers to a legal principle where an entity (such as an employer) can be held responsible for the actions or omissions of another person (like an employee), under certain conditions.

Sole Proprietorships

A business structure where a single individual owns, manages, and is personally responsible for all aspects of the business.