Executive Order 11246

question 42

Multiple Choice

Executive Order 11246

• A)prohibits discrimination on the basis of race, religion, color, and national origin, by federal agencies as well as those working under federal contracts.
• B)added sex-based discrimination Executive Order 11375.
• C)granted the enforcement powers for the EEOC.
• D)affords EEO protection to pregnant workers.
• E)increased mandatory retirement age from 65 to 70.

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Definitions:

Willingness to Pay

The maximum amount an individual is ready to sacrifice to acquire a good or benefit from a service.

Market Demand Curve

A graphical representation showing the relationship between the price of a good and the total amount of the good that all consumers are willing to purchase at each price level.

Willingness to Pay

The utmost price a consumer is ready to pay for a good or service, indicating its perceived value to them.

Consumer Surplus

The gap between the price consumers are ready to pay for a good or service and the price they actually pay.