One of the Commonly Held Myths About Affirmative Action Is

question 13

Multiple Choice

One of the commonly held myths about affirmative action is

• A) that it cannot eliminate discrimination in the workplace without a diversity component.
• B) that it requires employers to hire unqualified minorities and women instead of qualified white males.
• C) that it is allowed only when there is demonstrated under representation or a finding of discrimination.
• D) All of the choices are correct.

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Definitions:

Economic Profits

Profits exceeding the total cost of capital, including both the cost of debt and the opportunity cost of equity capital.

Explicit Costs

Expenses directly incurred in the course of running a business, such as wages and materials.

Economic Costs

The total value of all resources used in the production of a good or service, including both explicit and implicit costs.

Normal Rate

A term often used to refer to the standard or commonly accepted rate for a financial or economic measurement, but can vary by context.