Asked by La Vida de una Guerrera on May 14, 2024
Verified
Streetcar owners in the early 20th century were against segregation for profit maximizing reasons.
Segregation
The act or state of separating or being separated into different groups based on characteristics such as race, gender, or religion, often leading to unequal treatment or opportunities.
Profit Maximizing
The process or goal of a firm to adjust its production and pricing strategies to achieve the highest possible profit.
- Study the impact of discriminatory practices in the labor market on wages and the approach to hiring from an economic perspective.
Verified Answer
MM
Mirti Mariya ArulthasanMay 15, 2024
Final Answer :
True
Explanation :
Streetcar owners initially opposed segregation because they feared it would reduce profits by requiring additional cars or modifications to existing cars to accommodate segregated seating, thereby increasing operational costs.
Learning Objectives
- Study the impact of discriminatory practices in the labor market on wages and the approach to hiring from an economic perspective.
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