In What Way Do Competitive Markets Have a "Natural Remedy

question 377

Multiple Choice

In what way do competitive markets have a "natural remedy" for discriminatory hiring practices?

• A)Governments regulate to resolve problems of discrimination.
• B)Profit-maximizing firms that do not discriminate tend to replace firms that discriminate.
• C)Wages paid to groups that are victimized by discrimination are eventually bid up to above-equilibrium levels.
• D)Discrimination is usually the outcome of rational decision-making processes, and competitive markets produce rational outcomes.

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Definitions:

F-ratio

A statistical measure that is used to compare the variance among group means in a sample.

Null Hypothesis

The null hypothesis is a default hypothesis that there is no significant effect or difference present, to be tested against the alternative hypothesis.

GPAs

Grade Point Averages (GPAs) are numerical calculations used to assess a student's academic performance, typically on a scale from 0 to 4.0.

F-ratio

A statistical measure used in the analysis of variance (ANOVA) to compare the variability between groups to variability within groups.