Comparable worth is the principle that:
a. goods and services priced the same have about the same worth.
b. the wage rate equals the value of productivity.
c. men and women should be paid comparably.
d. employees who perform comparable jobs should be paid the same wage.
d
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If the geography hypothesis holds, what will be its implication on poorer nations that have unfavorable geographic conditions?
What will be an ideal response?
Which of the following is the best definition of economic growth?
A) the opportunity cost of capital B) the sustained expansion of production possibilities C) the investment in capital and consumption goods by an economy D) increased development of land and entrepreneurship E) the opportunity cost of consumption
The increase in output that is generated by an additional unit of input is called the:
A. resource product. B. input-output relationship. C. marginal product. D. production function.
You observe that grocery shoppers choose the shortest line at the checkout. This is an example of _____
a. rational self-interest b. selfishness c. greed d. blind materialism e. altruism