Attributing the gender wage gap to ongoing discrimination by employers will likely be incorrect because
a. some of the wage gap is explained by efficiency wages.
b. differences in years of work experience likely lead to productivity differences between men and women.
c. compensating differentials usually lead to higher wages for women.
d. All of the above are correct.
b
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Liquidity can be defined as the
A. cash value of money. B. value of money adjusted for inflation. C. value of fiat money when used for spending. D. ease with which an asset can be converted to a spendable asset.
If England uses one week’s time to produce 10 yards of cloth or 2 barrels of wine and Portugal uses one week’s time to produce 12 yards of cloth or 6 barrels of wine, then England has a comparative advantage in the production of cloth.
Answer the following statement true (T) or false (F)
Discuss what is meant by the paradox of saving
What will be an ideal response?
Answer the next question based on the following payoff matrix for a duopoly in which the numbers indicate the profit in millions of dollars for each firm. Firm A? High PriceLow PriceFirm BHigh priceA = $250A = $325??B = $250B = $200?Low priceA = $200A = $175??B = $325B = $175If firm A adopts the high-price strategy, then firm B would adopt the
A. low-price strategy and earn $175. B. low-price strategy and earn $325. C. high-price strategy and earn $250. D. high-price strategy and earn $200.