Which of the folowing statements is TRUE? OA. Statistical discrimination cannot persis in the long run because firms are not maximizing profits OB. Increased wage inequality over time in the United States has occurred because wages for low eamers have been falling while wages for high earmers have remained constant OC. Recent technological advancements tend to be complementary with skilled workers and substitutable with unskilled workers. OD. If men earn more than women with the same level of education, employers must be engaging in taste-based discrimination.

Which of the folowing statements is TRUE? OA. Statistical discrimination cannot persis in the long run because firms are not maximizing profits OB. Increased wage inequality over time in the United States has occurred because wages for low eamers have been falling while wages for high earmers have remained constant OC. Recent technological advancements tend to be complementary with skilled workers and substitutable with unskilled workers. OD. If men earn more than women with the same level of education, employers must be engaging in taste-based discrimination.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Isocost and Isoprofit Curve Analysis

An isocost curve in the production theory that is a crucial part of economics depicts different combinations of factor inputs at a given market cost. In other words, this shows all the combinations of production factors that cost the same for the firm to employ. Usually, this can be depicted as a downward sloping straight line when the firms act as the price-takers in the factor markets. The slope of this mainly depicts the relative prices of different production factors.

Question

Which of the following statements is TRUE?
OA. Statistical discrimination cannot persist in the long run because firms are not maximizing profits
OB. Increased wage inequality over fime in the United States has occured because wages for low earmers have been falling while wages for high earmers have
remained constant.
OC. Recent technological advancements tend to be complementary with skilled workers and substitutable with unskilled workers.
O D. If men earn more than women with the same level of education, employers must be engaging in taste-based discrimination.

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