Question

t/F/U. Racism and Discrimination are more li kely to exis t within a free - market society if consumers are racist or discriminatory. In your answer, describe racism by employers, employees and consumers to build an argument for your answer.

Answer 1

This is False statement:

Generally, it has been observed and empirically tested that free market society is best cure for racism and discrimination. Free market society helps to eliminate racism and discrimination.

Consumers seek to maximize their utility discarding racism and discrimination. Employers are obsessed with objective to maximize their profits and employees also seek to maximize their utilities. If discrimination and racism, tend to undermine the objectives of profit maximization, then employers do not accept the norms of racism and discrimination.