Assume That There Is a Supply and Demand Market for Nonpreferred

question 20

Multiple Choice

Assume that there is a supply and demand market for nonpreferred workers. If prejudice against these workers among employers increases, then there will be a(n)

• A) increased supply of these workers, a rise in their wage rate, and a decrease in their employment.
• B) increased demand for these workers, a rise in their wage rate, and an increase in their employment.
• C) decreased supply of these workers, a fall in their wage rate, and a decrease in their employment.
• D) decreased demand for these workers, a fall in their wage rate, and a decrease in their employment.

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Definitions:

Voluntary Actions

Behaviors or actions undertaken by choice or will without external coercion.

Civil Society

The realm of organized social life that is voluntary, not-for-profit, and outside of the government, which can include NGOs, clubs, and other nonprofit entities.

Democratic System

A form of government in which power is vested in the hands of the people, who exercise power directly or through elected representatives.

Corporate Capitalism

An economic and social system where corporate organizations, rather than individuals or governments, control the production and distribution of goods and services.