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.

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Definitions:

Major Overhaul

A significant restoration or repair of equipment, aimed at extending its useful life.

Lubrication

The process or action of applying a substance (such as oil or grease) to minimize friction and wear between mechanical parts.

Sales Tax

Sales Tax is a tax paid to a governing body for the sales of certain goods and services, collected by the retailer at the point of purchase.

Depreciable Cost

The total cost of a tangible fixed asset minus its estimated salvage value at the end of its useful life.