Economic Discrimination Exists When

question 95

Multiple Choice

Economic discrimination exists when

• A) there is an unequal distribution of income in a country.
• B) both income and wealth are unequally distributed in a country.
• C) there is unequal access to education.
• D) workers with the same marginal revenue products are paid different wages.

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Definitions:

Government

The organization or system through which a community or nation is governed and regulated.

Price Elasticity Coefficient

A measure that calculates the responsiveness of quantity demanded or supplied of a product to a change in its price.

Demand

The willingness and ability of consumers to purchase a quantity of goods or services at various prices during a specific time period.

Price Elasticity

A measure of the responsiveness of the quantity demanded or supplied of a good or service to a change in its price.