Which of the following situations is the most common? Men and women
a. doing the same job and getting equal pay.
b. doing the same job and getting unequal pay.
c. doing very different kinds of work and consequently having different earnings.
d. randomly distributed across occupations with average earnings about equal.
c
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The marginal tax rate is the
A. total amount of taxes paid as a percentage of total income. B. increase in taxes as a percentage of an increase in income. C. sum of all individual tax rates. D. tax rate paid by those with the lowest family incomes.
When each member of a group has transitive preferences but the collective preferences of the group are not transitive, this is an anomaly known as the ________
Fill in the blank(s) with correct word
At the beginning of the year, Tom's Tubes had a capital stock of 5 tube inflating machines. During the year, Tom scrapped 2 old machines and purchased 3 new machines. Tom's net investment for the year totaled
A) 1 machine. B) 2 machines. C) 3 machines. D) 6 machines.
The “yardstick” people use to post prices and record debts is called
a. a unit of account. b. liquidity. c. a medium of exchange. d. a store of value.