If a factory has an equal number of male and female employees, and all the male workers are more productive and are paid more than all the female workers, what does this most likely imply?
a. The wages are based on gender discrimination and sexism.
b. The males all work harder than the females.
c. Environmental factors have allowed the males to acquire more skills.
d. Too many barriers are in place preventing females from being hired.
c. Environmental factors have allowed the males to acquire more skills.
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Refer to Figure 17.3. Assume X units of plants and equipment wear out each year. What will happen to the PPC in the future if the economy currently produces at point U?
A. It will shift outward. B. It will shift inward. C. It will stay the same. D. This cannot be determined with the information given.
Is it possible for technological change to be negative? If so, give an example
What will be an ideal response?
The value of the four-firm concentration ratio that many economists consider indicative of the existence of an oligopoly in a particular industry is
A) anything greater than 10 percent. B) anything greater than 40 percent. C) anything greater than 30 percent. D) anything greater than 20 percent.
Which one of the following would be classified as employed?
a. a parent who works 50 to 60 hours per week caring for family members b. an construction worker vacationing in Florida who is on layoff due to bad weather conditions in his home state c. a 21-year-old full-time college student d. a 17-year-old high school student who works a newspaper route six hours per week