ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- The quote by Carl Sagan: "Absence of evidence is not evidence of absence." This quote implies that: AIf we cannot find evidence that there is discrimination, then discrimination doesn't exist. B If we cannot find evidence that discrimination in sports exist, doesn't mean that discrimination doesn't exist. C If we find evidence of discrimination, then discrimination exist. D If we find evidence of discrimination, then it is still possible that discrimination doesn't exist. E If we cannot find evidence that there is discrimination, then discrimination exist.arrow_forwardAnswering all questions compulsory...arrow_forwardThe figure compares the compensation that a shoe salesperson receives if she is on a straight salary of $40 per day or if she receives a commission of $5 for each pair of shoes sold. 100- Commission 90- Which compensation structure is preferred by the salesperson? 80- Suppose the salesperson sells more than 8 pairs of shoes per day and only cares about compensation. 70 60- For the salesperson, the is preferred. 50- Salary 40- 30- 20- 10 10 12 14 Pairs of shoes per day 16 18 20 Compensation received per dayarrow_forward
- Which of the following is the BEST example of monopsony employer? a.Hiring of book keepers by companies b.Hiring of astronauts by space stations c.Hiring of cashiers by drug stores d.Hiring of chefs by hamburger jointsarrow_forwardWhy do economists study sports teams when looking for evidence of labor-market discrimination? Select one: a. because all four United States professional sports leagues (football, basketball, hockey, and baseball) require discrimination studies every five years b. because the salaries paid to professional athletes exhibit the superstar phenomenon, which is highly correlated with discrimination c. because nonwhites comprise a majority of starters for many professional sports teams d. because the wide availability of performance statistics allows economists to control for individual player productivity in ways that are difficult to do for other types of firmsarrow_forwardBecker argued that discrimination is economically detrimental to all parties and will be eliminated by the market. discrimination is only economically detrimental to the employee but will never be completely eliminated by the market. discrimination is economically detrimental to all parties but will never be completely eliminated by the market. O discrimination is only economically detrimental to the employee and will be eliminated by the market.arrow_forward
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