Discrimination Might Exist in a Labor Market at Times,but It

question 67

Multiple Choice

Discrimination might exist in a labor market at times,but it is not likely to last in the long run because:

• A)the supply of labor is perfectly inelastic.
• B)costs are imposed on discriminators,which reduces their profits.
• C)discrimination is easy to define,allowing effective remedies do eliminate it.
• D)government intervention increases the cost borne by the discriminators.

Examine the role and functions of international trade organizations, particularly the World Trade Organization (WTO).

Assess the economic implications of trade restrictions, including their impact on domestic employment and international relations.

Identify the principles and historical context of the General Agreement on Tariffs and Trade (GATT) and its transition to the WTO.

Evaluate the concept of dumping in international trade and its related policy responses.

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Definitions:

Illness

A state of being unwell or suffering from a disease or health condition.

Type D Personality

A personality type associated with negative affectivity (worry, irritability) and social inhibition (reticence, lack of self-assurance).

Heart Disease

A range of conditions that affect the heart, including coronary artery disease, arrhythmias, and heart failure.

Cancer

A disease caused by an uncontrolled division of abnormal cells in a part of the body, potentially leading to invasion of other tissues.