Gary Becker's controversial The Economics of Discrimination concludes that Price discrimination has no effect on final profits. Price discrimination benefits monopolies. Labor discrimination in hiring results in more efficient allocations of production. Discrimination in hiring practices has no effect on final profits. Labor discrimination harms firms that practice it due to increased labor costs. Price discrimination harms monopolies, which refutes over two centuries of economic theory.

Answers

Answer 1

Answer:

Labor discrimination harms firms that practice it due to increased labor costs

Explanation:

Mr. Gary Becker's research addresses the economic impact of discrimination on the economy due to race, ethnicity, sex, color, social status, appearance, or other non-punitive factors. He shows that discrimination by any party in the market place lowers both their own real earnings and those of the minority.

Therefore the second last options fit the current situation and hence it is the correct option.

Related Questions

why is the leaf washed with distilled water

Answers

To remove almost all of the sodium and minerals

Zoom In, Inc. is engaged in the business of coding, with an emphasis on Internet marketing, business apps, and intra-corporate networks. In all of Zoom In’s business activities, it is subject to United States laws and regulations. The basis for all law in the U.S. is _________.a. the U.S. Constitution.

b. the executive orders of the president.

c. each of the states' individual constitutions.

d. legislation enacted by Congress.

Answers

Answer:

Option A. The U.S. Constitution.

Explanation:

The reason is that the US constitution provides the basic framework for the laws to be formulated and passed both in the US National Assembly and the Senate. The laws cannot be formulated if the US constitution doesn't allows the passing of the law which means that the constitution must be amended first. When the slavery was to be eliminated in 1865, the first problem was that passing the elimination of slavery law was inconflict with the US constitution. So the constitution was amended before passing the law to eliminate the conflict.

In the nutshell, every law originates because of different reasons like Technological reasons, Social reasons, Cultural reason, etc) but the basis remains the same which is US constitution which is the basic framework for passing the law.

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