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Your company is in need of someone to fill a new position. The spot calls for some very specific skills, education, and experience, but you happen to have an old friend who exactly fits the bill. In addition, he has mentioned to you that he feels it is time to make a change and has been contemplating looking for a new job. You give him a call and he says that he is very interested, so you call the head of the department in question and tell him about your friend. The department head is very excited and tells you to have him call for an interview. You do and everything seems fine. Several weeks pass and your friend calls you and asks if you have any idea what happened with the job. He interviewed and everything went well, but he never heard back and just learned that the position had been filled with someone who has no experience and a much different background. You call the department head and relay the question. After some hemming and hawing, the department head makes some vague statement about your friend not being a "good fit." He was afraid that your friend's "accent" might make it difficult for him to be understood, and he was concerned about his work ethic since he came from a cultural background that has a more "laidback" work ethic. You hang up and think about it. Your friend is from Jamaica and does have an accent and very relaxed personality, but is certainly not lazy. Then you realize that he is also a minority and that this particular department not only has no minority employees, but never has had one. What do you do? Is the department head being ethnocentric or prejudiced? Do you tell your friend what you were told? Do you call someone higher up and express your concerns? Do you do nothing at all?
As the economy emerged from the most recent recession, household income rose by 6%. Over the same period, total expenditures on beef increased by 3%. Assuming that all other economic variables were held constant,
Select one significant environmental issue. What are the costs and benefits of our current environmental issues from an economic standpoint? What type of market failure could those problems is defined as? What can you as an individual do to help in a..
Which of the following defines the quantity demanded?
There is a shortage of college football tickets for some home games and a surplus of tickets for other home games that are played by a given college team. With the aid of diagrams, carefully explain how and why this does happen and also explain how a..
Plot (using a spreadsheet or other graphical tool) the following scenarios for per-capita GDP on a ratio scale. Assume that per capita GDP in the year 2000 is $10,000. Use the Rule of 70 to estimate the value of per capita GDP on the graph for the ye..
A woman complained to "Dear Abby" that a laundry charged $1.25 each to launder and press her husband's shirts, but for her shirts - the same description, only smaller - the laundry charged $3.50. When asked why, the owner said, "Women's blouses cost ..
Calculate point price elasticity a a price of $3 and calculate the point price elasticity at a point of $9. Is the demand price elastic or inelastic at these points?
How much do you have to pay for a bond rate that pays 6% dividend compounded semiannually, with a face value of $5,000 that is going to be paid (maturity) in 5 years? The buyer wants to have an interest rate profit of 8% compounded semiannually.
What must the jackpot be before the expected payoff is worth your $1 Bet? Assume that the state takes 60% of the jackpot in taxes, that no one else is a winner, and you are risk-neutral
How do we work the categorical operation called obversion? What is the purpose of studying a sample? In studying a sample, what is meant by the term sampling frame?
Summarize the article "Trading liberty for illusions" by Wendy Kaminer in 300 words by following these steps: - the central idea of the passage - what, who, why, where, when and how - the author's conclusion - the subject of the description and it's ..
The equilibrium of a competitive labor market is associated with
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