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

question 109

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The figure given below shows the income-leisure trade off of an individual.Figure 16.5
The figure given below shows the income-leisure trade off of an individual.Figure 16.5    AB and AC: Income constraints of the individual I<sub>1</sub>, I<sub>2</sub>, and I<sub>3</sub> curves show the income leisure choices of the individual. -Which of the following statements about employer prejudice is true? A) It would be impossible for employer prejudice to exist in a firm that sells its output in a competitive market unless all rivals also discriminate. B) Economic theory tells us that it would be impossible for employer prejudice to exist in a firm that is a monopoly. C) Employer prejudice will help a monopolist to increase his profits by satisfying his managers personal prejudices. D) Legislation has ended employer prejudice in the United States. E) Employer prejudice occurs only in low-paying jobs. AB and AC: Income constraints of the individual
I1, I2, and I3 curves show the income leisure choices of the individual.
-Which of the following statements about employer prejudice is true?

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Definitions:

Monozygotic Twins

are twins that originate from the splitting of a single fertilized egg, making them genetically identical.

Dizygotic Twins

Also known as fraternal twins, are siblings born at the same time but from separate eggs fertilized by different sperm.

Siblings

Brothers or sisters; individuals having one or both parents in common.

Natural Selection

The evolutionary process by which organisms better adapted to their environment tend to survive and produce more offspring.

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