Asked by Dolly Rodriguez on Jul 14, 2024
Verified
Economic discrimination puts the economy inside its production possibilities curve because discrimination
A) redistributes income from low-paid to high-paid persons.
B) promotes present consumption rather than production of capital goods.
C) arbitrarily blocks women and certain minorities from higher-productivity, higher-wage jobs and thus keeps the economy from producing its maximum output.
D) often causes inflation, which reduces the nation's real output.
Economic Discrimination
The unfair treatment of individuals based on their economic status, gender, age, or ethnicity influencing their opportunities and resources.
- Assess the influence of discrimination on employment opportunities, income inequality, and the total economic framework.
- Gain insight into the effect of economic policies on the allocation of income and levels of poverty.
Verified Answer
LG
latasha gascoigneJul 17, 2024
Final Answer :
C
Explanation :
Economic discrimination, such as blocking women and certain minorities from higher-productivity, higher-wage jobs, prevents the economy from utilizing all of its available resources efficiently. This underutilization means the economy operates inside its production possibilities curve, not achieving its maximum potential output.
Learning Objectives
- Assess the influence of discrimination on employment opportunities, income inequality, and the total economic framework.
- Gain insight into the effect of economic policies on the allocation of income and levels of poverty.
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