Which of the Following Are Reasons Employers Discriminate Against Older

question 3

Multiple Choice

Which of the following are reasons employers discriminate against older workers?

• A) Younger workers will accept lower wages.
• B) To protect a company's pension funds.
• C) Older, tenured workers tend to receive higher salaries and more vacation time.
• D) All of these choices.

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Definitions:

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, leading consumers to replace more expensive items with cheaper alternatives.

Canning Jars

Containers typically made of glass used for preserving food through the process of canning, which involves sterilization and sealing.

Consumer Equilibrium

The point at which the quantity of goods consumed by a consumer maximizes their utility, given their budget constraints.

Marginal Utility Per Dollar

The additional satisfaction or utility gained from spending one more dollar on a good or service.