Discrimination Exists in a Labor Market When Persons with Different

question 46

True/False

Discrimination exists in a labor market when persons with different productivity levels are paid different wages.

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Definitions:

Transfer Payments

Payments made by the government to individuals or other entities without the government receiving any goods or services in return, such as welfare benefits or social security.

Net Exports

Net Exports is the value of a country's total exports minus the value of its total imports, indicating whether a country is a net exporter or importer.

U.S. GDP

Gross Domestic Product of the United States, measuring the total economic output of goods and services.

Investment Spending

The expenditure on new physical capital, such as buildings and machinery, by businesses, and includes construction of new homes by households.