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suppose that due to anti-foreign prejudice, immigrants in Japan earn 20% less than equally qualified natives, even though 99% of their workforce is native-born. A
suppose that due to anti-foreign prejudice, immigrants in Japan earn 20% less than equally qualified natives, even though 99% of their workforce is native-born. A typical firm has the following balance sheet:
100 natives @ $40,000 =$ 4,000,000
1 immigrant @$32,000 = $32,000
Bond holders=$500,000
Stockholders=$500,000
Total= $5,032,000
T or F and explain: This example shows that market forces are especially effective at reducing discrimination when the fraction of victims is small?
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