Comparable worth advocates have proposed that employers be required by law to pay wage rates equal to the value of the job. The most telling objection to this proposal is that
A) employers will probably resist strenuously and successfully.
B) it is in the interest of employers to adjust their hiring so as to make the value of the job equal to the wage rate that must be paid.
C) the government has no legal authority to set wage rates in the private sector.
D) this would leave little or nothing for profits.
B
You might also like to view...
If the purchasing power of a dollar is less than the purchasing power of the euro, purchasing power parity would predict that
A) in the long run, interest rates will move to equalize the purchasing power of the dollar and the euro. B) in the short run, interest rates will move to equalize the purchasing power of the dollar and the euro. C) in the short run, exchange rates will move to equalize the purchasing power of the dollar and the euro. D) in the long run, exchange rates will move to equalize the purchasing power of the dollar and the euro.
Fiscal policy is most effective when exchange rates are fixed
Indicate whether the statement is true or false
Why is the demand curve horizontal for a perfectly competitive firm?
What will be an ideal response?
Assume that the expectation of declining housing prices cause households to reduce their demand for new houses and the financing that accompanies it. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the quantity of real loanable funds per time period and GDP Price Index in the context of the Three-Sector-Model?
a. The quantity of real loanable funds per time period rises, and GDP Price Index falls. b. The quantity of real loanable funds per time period falls, and GDP Price Index remains the same. c. There is not enough information to determine what happens to these two macroeconomic variables. d. The quantity of real loanable funds per time period falls, and GDP Price Index rises. e. The quantity of real loanable funds per time period falls, and GDP Price Index falls.