Women typically earn less than men, even in the same occupation. Which of the following is an explanation for this discrepancy?
A) Women tend to take riskier jobs and earn compensating wage differentials.
B) Women have, on average, less workforce experience than men of the same age.
C) Women do not work as hard as men because of cultural influences.
D) Women are, on average, less motivated than men and therefore tend to avoid taking on more responsibilities.
B
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If the Fed lowers the interest rate in the U.S., ________
A) the U.S. net exports will decrease B) the demand curve for dollars will shift to the left C) the demand curve for dollars will shift to the right D) the real exchange rate of the U.S. will appreciate
In the above figure, which point corresponds to an increase in technology?
A) Figure A B) Figure B C) Figure C D) Figure D
The kinked demand theory attempts to explain why an oligopolistic firm:
A. has relatively large advertising expenditures. B. fails to invest in research and development. C. infrequently changes its price. D. engages in excessive brand proliferation.
The long-run aggregate supply curve is
A. downward sloping. B. upward sloping. C. vertical. D. horizontal.