The Economic Arguments for Increased Diversity in the Workplace Include

question 77

Multiple Choice

The economic arguments for increased diversity in the workplace include all but which of the following reasons?

• A)Responding to the need for a broader base of cultural knowledge
• B)Increasing the potential for more creativity
• C)Lowering payroll costs
• D)Drawing from a larger talent pool

---

Definitions:

American System

A historical economic plan in the United States that advocated for a strong role for federal government in the economy, emphasizing protective tariffs, national bank, and infrastructure improvements.

Federal Funds

Refers to reserves that banks lend to each other overnight to maintain their reserve requirements, often influencing interest rates.

Private Funds

Financial resources raised from non-governmental sources, used for investment or other private enterprise.

Market Economy

An economic system where decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.