Discriminatory behavior prompted by the knowledge that prejudice exists on a society wide level is called______________?
Correct answer: A. attitudinal discrimination
- A. attitudinal discrimination
- B. institutional discrimination
- C. cultural discrimination
- D. personal discrimination
Explanation
Attitudinal discrimination is discriminatory conduct arising from prejudiced beliefs or attitudes. Institutional discrimination, the tempting alternative, refers to bias embedded in an organisation or society's established rules and practices.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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