Some people believe that employees should be paid the same wages when their jobs, although different, require similar levels of education, training, experience, and responsibility. This principle is known as:
a. the equal-pay-for-equal work doctrine.
b. Lorenz equivalence.
c. marginal productivity theory.
d. comparable worth.
d
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Refer to Figure 2-2. If Mendonca chooses to produce 160 pounds of vegetables, how much meat can it produce to maximize production?
A) 0 pounds of meat B) 30 pounds of meat C) 60 pounds of meat D) 120 pounds of meat
You believe that a corporation's dividends will grow 5% on average into the foreseeable future. If the company's last dividend payment was $5 what should be the current price of the stock assuming a 12% required return?
What will be an ideal response?
Use the following competitive market diagram for product Z to answer the question below.
Assume that the current market demand and supply curves for Z are D1 and S1. If there are substantial external benefits associated with the production of Z, then
A. an output smaller than G would improve resource allocation. B. an output greater than G would result in a more efficient allocation of resources. C. efficient resource allocation occurs at output G and price B because the market mechanism does not measure all benefits. D. the government should levy a per-unit excise tax on Z to shift the demand curve to the left.
Which of the following factors is most likely to cause the aggregate demand curve to shift rightward?
a. An increase in savings b. An increase in household wealth c. An increase in tax rates d. A decrease in government spending