48) When a group is discriminated against its 48) A) employment and its wages ar

Question

48) When a group is discriminated against its 48) A) employment and its wages are unaffected. B) wages fall but its employment does not. C) employment and its wages decrease D) employment decreases but its wages do not. 49) 49) Social Security is an example of A) an Entitlement Program C) an unemployment benefit. B) an income maintenance program D) a progressive income tax. 50) A) product prices are reduced (discounted) to increase sales and profits today B) present values are adjusted to their future value, using the interest rate. C) future values are converted to their value today, using the interest rate. D) future values are adjusted for inflation. 50) Discounting is the process whereby

Explanation / Answer

Answer 48 - When group is discriminated against its employment and wage decreases. Employer will employ fewer workers and pay low wage rate that market wage rate.

Option C is the correct answer.

Answer 49 - Social security is an example of income maintenance program. Government starts social security programs so that it can maintain certain level of income in the society. Inequality is not considered good for the society. Therefore government gives some benefits to poor section of the society.

Option B is the correct answer.

Answer 50 - Discounting is the process whereby future values are converted to their values today, using interest rate. This method is used when we want to know the present value of the future payment from our investment. How much returns our investment is going give.

Option C is the correct answer.

Related Questions

Navigate

• Browse (All)
• Browse 4
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.