If an employer could really hire women who were willing and able to do the same work as men for 20 percent less, profit-seeking employers would have
a. a strong incentive to hire more women, which would shrink this differential.
b. little incentive to hire women, since hiring men would still be more profitable.
c. a strong incentive to hire fewer women, and this would reduce the wage gap between men and women.
d. a strong incentive to hire fewer women, which would expand the wage gap between men and women to an even higher level.
A
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The effects of a per-unit tax imposed on sales of an industry's product would likely include
A) a lower product price at any amount of the product supplied. B) a leftward shift of the market supply curve for the product. C) a leftward movement along the market supply curve for the product. D) none of the above.
An indication that Insurance companies anticipate adverse selection is
a. they do not require a deductible b. they do not classify clients into different risk types according to their claim history c. they do not classify clients into different risk types according to pre-existing conditions d. they require a co-payment
Suppose an economy experiences an increase in its saving rate. The higher saving rate leads to a higher growth rate of productivity
a. in the short run, but not in the long run. b. in the long run, but not in the short run. c. in both the short run and the long run. d. in neither the short run nor the long run.
The long-run aggregate supply curve represents the level of output possible if the economy:
A. has a zero inflation rate. B. has no structural unemployment. C. is operating at full capacity. D. is operating at an unemployment rate of zero.