SOLVED

41) When a group is discriminated against its A) wages fall but its employment does not. B) employment and its wages decrease. C) employment decreases but its wages do not. D) employment and its wages are unaffected. 42) Customer discrimination against black investment advisers ________ the salaries of black investment advisors and ________ the number of black investment advisers. A) decreases; decreases B) decreases; does not change C) does not change; decreases D) does not change; does not change 43) Discrimination ________ the group being discriminated against and ________ the group being favored. A) decreases the demand for; increases the demand for B) increases the demand for; decreases the demand for C) decreases the supply of; increases the supply of D) increases the supply of; decreases the supply of 44) A firm that discriminates has ________ a nonprejudiced firm and ________. A) the same costs as; competes most often with imported goods and services B) the same costs as; can successfully maximize profit in a competitive industry C) lower costs than; drives other firms out of a competitive industry D) higher costs than; cannot survive in a competitive industry 45) If customer discrimination does not exist, firms that discriminate on the basis of race or sex will A) have higher costs than those that do not. B) have the same level of costs as those that do not. C) have lower costs than those that do not. D) tend to survive whereas firms that do not discriminate will tend to fail. 46) Discrimination by customers creates a wage differential between two groups by creating a difference in the two groups’ perceived A) supply of labor. B) value of marginal product. C) marginal cost of labor. D) minimum wage. 47) Customer discrimination against female realtors ________ the number of female realtors and ________ their perceived value of marginal product. A) decreases; decreases B) decreases; increases C) increases; decreases D) increases; increases 48) Moe’s Sweaters is a firm in perfect competition. Moe’s customers don’t know who the firm’s workers are. If Moe is the only employer in the market who discriminates against women by paying them less than he pays to equally qualified men, his firm will A) lower its labor cost and receive a greater economic economic profit than its competitors. B) receive a positive economic profit while its competitors will only receive a normal profit. C) not maximize its economic profit and will not survive. D) be able to lower its price and undercut the competitors. 49) There is discrimination in the labor market on the planet of Yerk between two groups of people, the Mirks and the Morks. If the discrimination is against the Mirks, then the VMP curve for Mirks is ________ the VMP curve for Morks, and the Mirks receive ________ than the Morks. A) to the left of; the same wage rate, but fewer are employed B) to the right of; the same wage rate, but fewer are employed C) to the left of; a lower wage rate D) to the right of; a lower wage rate 50) With respect to market and nonmarket production, on average working women are ________ diversified than men and receive ________ pay as a result. A) less; lower B) less; higher C) more; lower D) more; higher