The Figure Given Below Shows the Income-Leisure Trade Off of an Individual.Figure

question 94

Multiple Choice

The figure given below shows the income-leisure trade off of an individual.Figure 16.5
AB and AC: Income constraints of the individual
I₁, I₂, and I₃ curves show the income leisure choices of the individual.
-If employers have imperfect information about job applicants, it may be rational for them to use:

• A)employer prejudice.
• B)worker prejudice.
• C)consumer prejudice.
• D)statistical discrimination.
• E)occupational segregation.

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Definitions:

Standard Rationale

A common or accepted reason or logic behind a decision, action, or rule, typically one that is widely accepted within a specific field or discipline.

Liable Irrespective

The notion of being liable irrespective means being legally responsible for something regardless of certain conditions or factors that might otherwise influence or excuse the liability.

Intervening Cause

An event that occurs after a defendant's initial act of negligence and contributes to the harm, potentially relieving the defendant of some liability.

Unforeseeable Later Act

Events or actions that occur after a contract is executed, which could not have been anticipated by either party at the time of the contract.