It Is Argued That Competitive Markets Provide a "Natural Remedy

question 348

Multiple Choice

It is argued that competitive markets provide a "natural remedy" to discriminatory wage practices. Which of the following is widely recognized as a potential limit to the potency of that natural remedy?

• A)Governments sometimes mandate discriminatory practices.
• B)Some employees have a lot of job experience; others have little job experience.
• C)In a discriminatory environment, a competitive firm that takes prices and wages as given has nothing to gain from any particular choice it makes regarding who to hire or which customers to serve.
• D)Not all firms exhibit social responsibility in sufficient measure to counter discriminatory wage practices.

Understand the classification and subgroup relationships among insects.

Recognize and describe the different types of metamorphosis in insects.

Identify the unique characteristics and bodily structures of crustaceans.

Differentiate between various groups within the phylum Nematomorpha (Horsehair worms) and their distinctive features.

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Definitions:

Collaboration

The act of working together with one or more people to achieve a common goal or project.

Win-lose Power Struggles

Situations where parties vie for dominance or control, typically resulting in one party's gain being another's loss.

Anecdotes

Brief, often amusing or interesting stories about real incidents or people that are typically used to illustrate a point.

Technical Information

Pertains to detailed data or knowledge that is specific to a particular subject, technology, or field that requires specialized understanding.