In November 2006, Mercury Global Media, Inc

question 40

Multiple Choice

In November 2006, Mercury Global Media, Inc. hired Sam Smith as a television producer in one of its television stations. At the time, Sam was 58 years old and had over 30 years experience in radio and television. A little over six months later Mercury notified employees that it was selling that station and that the employees would receive special consideration for other positions with Mercury, including other radio and TV stations, Internet video operations and similar entities. Sam applied for a job as a video editor with one of Mercury's subsidiaries but was not hired. A younger displaced employee was given the job. Sam was told that he was not hired because he was "over qualified and over specialized." Sam files a complaint under the ADEA.

• A) Sam can argue that the Mercury's use of the terms "over qualified and over specialized" in its reason for not hiring him demonstrate a pretext for age discrimination.
• B) Mercury can argue that it is reasonable for an employer to reject an applicant whose qualifications are excessive because it believed the job would not challenge him, and, therefore, he would continue to seek other employment.
• C) Sam can argue that an applicant in his age group who is hired is unlikely to continue to seek other employment because of the difficulty in someone his age finding another job.
• D) All of the choices are correct.

Understand the concept of balanced trade.

Identify historical trends in trade surpluses and deficits for specific countries.

Understand the theory of comparative and absolute advantage in international trade.

Apply the principles of opportunity cost and comparative advantage to real-world scenarios.

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Definitions:

Short-Term Obligation

Debt or financial obligations due within one year.

Payroll Taxes

Taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.

Employee

An individual who works part-time or full-time under a contract of employment, contributing labor and expertise to an employer.

Employer

An individual or organization that hires and pays people to work.