1. According to Gary Becker, why should we expect competition to eliminate discrimination?
2. What is implicit bias, and what was reported with respect to NBA referees?
1. According to Gary Becker, there is discrimination on the basis of race. Black laborers are paid less than the white laborers. If there are more known non racial employers, they will accommodate more black laborers. As a result, his profit will be maximized. There should be great competition among the non racial employers and the racial employers, this will result max profit for the non racial employer. Therefore, we should expect competition to eliminate discrimination.
2. Implicit bias is the feelings and thoughts and our actions without our own conscious awareness. It is some stereotype attitude in our own mindset. For Example, we may think that the white people can play better than the black ones in Africa. It was reported that the NBA referees make calls that favour home teams, teams loosing during games and teams loosing in play or series.
1. According to Gary Becker, why should we expect competition to eliminate discrimination? 2. What is...
High unemployment is socially wasteful. Why? What is convergence hypothesis? Why should we expect convergence in the long run?
1. Why is the web arena of so much competition today? 2. What should an organization do to sustain the strategic benefits of IS? 3. ‘An information system consists of hardware and software.’ Why is this statement inadequate?
7. In the 3 markets which comprised the classical model, what should we expect if only 1 firm existed? (The firm which hires and produces goods, instead of being in perfect competition, we have a situation where a monopsony in labour exist, and a monopoly in output sale exist). To answer this question, go back and (1) explain what outcome we expect to see from those market types. (2) then discuss how those outcome are different than what we find....
Why should we sample? Why is random sampling particularly useful? (pp. 67-70) What are some of the limits to random sampling? (pp. 70-71) When conducting research, why does Becker say it is impossible to include the whole or complete description of a phenomenon? (pp. 71-76) Why are detailed description useful? What’s wrong with always using standard categories when conducting research? (83-85) What is the hierarchy or credibility? What are some ways to get around it (pp. 90-92)? Why should we...
Question 1 Why are firms that operate under the “perfect competition market structure” considered to be price takers? Question 2 Is it ever possible for a firm to have a negative accounting profit at the same time it is experiencing a positive economic profit? Explain. Question 3 What is the connection between implicit costs and opportunity costs? Question 4 When business firms are able to control their basic costs, is success assured? Why or why not? Question 5 Why...
1. What is price discrimination and why is i possible? 2. Explain the following: a. substitution effect b. income effect c. diminishing marginal utility
Gary Stevens and Mary James are production managers in the Consumer Electronics Division of General Electronics Company, which has several dozen plants scattered in locations throughout the world. Mary manages the plant located in Des Moines, lowa, while Gary manages the plant in El Segundo, California. Production managers are paid a salary and get an additional bonus equal to 5% of their base salary if the entire division meets or exceeds its target profits for the year. The bonus is...
1. Why should we measure purchasing performance? 2. What are the key purchasing measures?
Cant figure out question 1 and 3. Please help! Gary Stevens and Mary James are production managers in the Consumer Electronics Division of General Electronics Company, which has several dozen plants scattered in locations throughout the world. Mary manages the plant located in Des Moines, Iowa, while Gary manages the plant in El Segundo, California. Production managers are paid a salary and get an additional bonus equal to 10% of their base salary if the entire division meets or exceeds...
1. Why is the employment-at-will doctrine considered asymmetric? 2. Show why racial and sexual discrimination are immoral by means of Kantian-type analysis, by using a Rawlsian approach, and by using a utilitarian approach. ? 3. What is child labor, and why is it objectionable? What are some reasons given in support of various sorts of child labor? Be sure to bring in ideas and theories on the topics from your personal experience or previous studies. As always, please cite your...