To Avoid Unintentional Discrimination Against Women, Minorities, the Elderly, and the Disabled

question 11

Multiple Choice

To avoid unintentional discrimination against women, minorities, the elderly, and the disabled in the recruitment process, organizations should

• A) take steps to attract these applicants in proportion to their numbers in the local population.
• B) begin by only recruiting individuals from these groups.
• C) first consider relatives and friends of present employees.
• D) use only ads that would appeal to minority groups.

Understand the concept of trade-offs in economics and why it becomes irrelevant if scarcity were eliminated.

Grasp the mutual benefits of trade and how it can make both parties better off.

Comprehend the concept of opportunity cost and its calculation.

Identify the principle of comparative advantage and its importance in specialization and trade.

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Definitions:

Income Tax Rate

The percentage at which an individual or corporation is taxed on their income, varying according to income level and tax laws.

Tax Credit

An amount that taxpayers can subtract directly from taxes owed to the government.

Municipal Bonds

Bonds issued by local governments or their agencies, which are often used to fund public projects like schools, highways, and water systems, and may offer tax-exempt interest to investors.

Foreign Taxes Paid

This represents taxes paid to foreign governments on income earned outside of the taxpayer’s country of residence, often creditable against domestic taxes in the taxpayer’s home country to avoid double taxation.