Lower wages for women relative to those for men constitute wage discrimination if women earn lower wages:
A. but are equally productive.
B. and have lower productivity than men.
C. in clerical and service occupations.
D. due to career interruptions to raise children.
Answer: A
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Which form of business organization is the least common in the United States?
a. sole proprietorship b. partnership c. corporation d. nonprofit organization e. conglomerate
A nation has a comparative advantage in the production of cars over another nation if: a. it can produce cars with fewer resources than the other country
b. it can produce cars at a lower opportunity cost than the other country. c. it can produce cars at a higher opportunity cost than the other country. d. it can produce cars at the same opportunity cost and its consumers have a stronger preference for cars than consumers in the other country.
Which would cause a leftward shift in the supply curve for telephone service?
a. A decrease in the price of telephones b. An increase in the wage of telephone workers c. An increase in consumer incomes in the economy d. An improvement in telephone technology
Monopolists do not face constraints on the prices they charge.
Answer the following statement true (T) or false (F)