A. productivity
B. age
C. sex
D. race
Related Mcqs:
- Shareholders of a corporation elect individuals to carry out certain tasks that are establishment in the charter. What these individuals are called ?
A. Management
B. Board of Governor
C. Top brass
D. Board of Directors - Which of the following statements regarding discrimination is true ?
A. The existence of a wage differential among groups is strong evidence of discrimination in the labour market
B. Discrimination can only persist in a competitive labour market it customers are willing to pay to maintain the discriminatory practice or the government requires discrimination
C. Bigoted employers are the main source of a persistent discriminatory wage differential in a competitive market
D. Discrimination cannot exist in a competitive labor market - A wage differential among groups may not by itself be evidence of discrimination in the labour market because different groups have ?
A. different preferences for the type of work they are willing to do
B. different levels of job experience
C. all of these answers are correct
D. different levels of education - A set of alternative commodity bundles that a person can command in a society using the totality of rights and opportunities that he possesses is known as ?
A. Production possibilities
B. entitlement
C. income distribution
D. egalitarianism - When the financial system lacks the capability of making judgement about investment opportunities due to asymmetric information leading to potentially bad credit risks lending is subject to ?
A. adverse selection
B. moral hazard
C. social goods
D. hyperinflation - Riskless transactions to take advantage of profit opportunities due to a price differential or a yield differential in excess of transaction costs are called ?
A. differential actions
B. cash transaction
C. arbitrage
D. forward transactions - Monopoly advantage is usually the result of greater opportunities such as ?
I- access to more economic information than competitors
II- superior access to training and education
III- a lower discount of future earnings
IV- larger firm sizeA. I and II only
B. II and III only
C. I, II and III only
D. I, II, III, and IV - In price discrimination, which section of the market is charged the higher price ?
A. The section with the richest people
B. The section with the oldest people
C. The section with the most inelastic demand
D. The section with the most elastic demand - Which of the following best defines price discrimination ?
A. charging different prices on the basis of race
B. charging different prices for goods with different costs of production
C. charging different prices based on cost-of-service differences
D. selling a certain product of given quality and cost per unit at different prices to different buyers - In perfect price discrimination ?
A. The demand curve is the marginal cost curve
B. The average revenue equals the average cost
C. The marginal cost is the average cost curve
D. The demand curve is the marginal revenue