Generally, the gender pay gap increases as the level of educational attainment
a. increases
b. decreases
c. neither of the above because it depends on how hard a person works
d. neither a nor b because such data are not available
Answer : a. increases
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Which of the following is likely to increase the total efficiency units of labor in an economy?
A) An increase in the level of education attained by each worker B) An increase in the amount of capital available to each worker C) An increase in the inflation rate in the economy D) An increase in the unemployment rate in the economy
Refer to the scenario above. If the starting bid is $250, ________ will win the auction and will have to pay ________ for the painting
A) Bob; $250 B) James; $400 C) Rachel; $450 D) Joe; $400
Refer to Table 15-4. What is Shakti's profit-maximizing output?
A) 4 units B) 5 units C) 6 units D) 7 units
An increase in the discount rate ________ the present value of a bond and ________ the price of the bond.
A) increases; increases B) decreases; decreases C) decreases; increases D) increases; decreases