All of the following are possible explanations for the fact that on average women earn lower wages than men in the United States except:
A. women are more productive than men on average.
B. women enter and leave the labor force more frequently than men, causing them on average to have less experience and a lower productivity than men.
C. women choose to work in low-wage industries.
D. women are discriminated against in labor markets.
Answer: A
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A monopolistically competitive firm is producing at an output level in the short run where average total cost is $4.50, price is $4, marginal revenue is $2.50, and marginal cost is $2.50. This firm is operating
A. with a loss. B. at the break-even point. C. with positive profits. D. at a nonoptimal level of output.
The quantity supplied of loanable funds
a. is inversely related to the rate of interest b. is directly related to the rate of interest c. affects a firm's MRP of capital d. affects a firm's MPP of capital e. affects the price of the good
If inflation is slow to change after an increase in the growth rate of spending, then:
A. real growth must decrease. B. real growth must increase. C. interest rates must decrease. D. interest rates must increase.
A World View article titled "Japan Sees Quake Damage Bill of Up to $309 Billion, Almost Four Katrinas" implies that the most likely impact from power shortages from this destruction would be
A. A leftward shift of aggregate supply. B. An increase in GDP. C. A rightward movement down the Phillips curve. D. A decrease in inflation.