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Some argue that the government doesn't need affirmative action programs or other anti-discrimination policies because the profit motive provides sufficient motivation to eliminate discrimination in employment. (Respond to each statement with 2-3 sentences)
a. Explain this argument.
b. Explain why this might NOT happen i.e. why discrimination might continue even where employers are motivated by profits.
c. Affirmative action admissions policies help minorities who would otherwise be unable to get into a selective university to attend the university. What effect might such a policy have on the black/white wage gap? Explain.
d. Under statistical discrimination how would you expect affirmative action admissions policies to change the wages of minority college graduates?
e. Is there a theory of discrimination in which affirmative action admissions policies increase the wages of minority college graduates? Explain.
The U.S. Constitution bans states from restricting imports of goods and services from other states. Suppose this restriction did not exist and that states were allowed to limit imports of goods and services produced in other states. How do you think ..
Your product fails about 2% of the time, on average. Some customers purchase the extended warranty you offer in which you will replace the product if it fails. Would you want to price the extended warranty at 2% of the product price? Discuss both mor..
An established firm is considering expanding its capacity to take advantage of a recent rapid growth in demand. It can do so in two ways. It can purchase fungible, general-purpose assets that can be resold close to their original value, if their use ..
Compute the price and quantity of equilibrium in each country when both country A and country B are closed economies.
State and Local Governments in this country use sales taxes as means of generating revenue. In other countries, a value added tax (VAT) is used to generate Government revenue. Please explain the difference. In your opinion, which tax system is most e..
One component of the Patriot Act of 2006 was the "Combat Methamphetamine Epidemic Act", which prohibited the over the-counter sale of cold medicines that contain pseudoephedrine (which is commonly used to make meth). Ceteris paribus, what is a likely..
Suppose that during the past year tv fell from $2000 to $1800 per tv sales increased from 700000 to 800000 tv. calculate elasticity of demand.
Graph the supply and demand curves. Please identify the x and y axis properly, the Price and quantity intercepts and equilibriumraph the supply and demand curves. Please identify the x and y axis properly, the Price and quantity intercepts and equili..
Comparing Investment Criteria Mario Brothers, a sport producer, has a new idea for an exploration sport.
Suppose a drop in the compensating wage differential between risky jobs and safe jobs has been observed. Two explanations have been put forward: The phenomenal success of a new reality show Die on the Job has instilled millions of viewers with an ide..
Did you know that many large countries utilize a national sales tax, or value added tax, to raise revenues? What if, -in an effort to FIX THE ECONOMY, the U.S. decided to do this? What other countries are doing this and to what degree of success?
Given a territory and a time range, the gross domestic product is the sum of all the values added. The term value added is open to interpretation. Since the value added of a product or service is its total value minus the value of the intermediate pr..
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