The factor accounting for most of the earnings difference between equally educated and experienced men and women is that women
a. receive less pay for equal work.
b. are segregated into low-paying occupations.
c. receive comparable pay only when they do work of comparable value to the employer.
d. are prohibited by law from doing certain kinds of work.
b
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Suppose that the U.S. government gives foreign aid to Turkey. This transaction would directly
A) increase the U.S. current account. B) decrease the U.S. current account. C) increase the U.S. capital and financial account. D) decrease the U.S. capital and financial account.
In the short-run, a rise in the money wage rate leads to
A) an increase in the price level and an increase in real GDP. B) an increase in the price level and a decrease in real GDP. C) an increase in the price level, but no change in real GDP. D) no change in the price level, but an increase in real GDP.
Income and wealth were equally or evenly distributed by 1860 in the United States
Indicate whether the statement is true or false
If a supplier faces a perfectly horizontal demand curve and sets his price slightly higher than the demand curve itself, he can expect:
a. no change in his total revenues. b. everyone to begin buying his product. c. a complete loss of revenues. d. a new demand curve. e. a relative increase in income.