Unequal pay that is caused by economic discrimination will be due to
A. a noneconomic factor.
B. difference in human capital.
C. differences in the marginal revenue product.
D. a monopolistic labor market.
Answer: A
You might also like to view...
Isocost lines
A) represent the combinations of inputs that have the same marginal cost. B) represent the combinations of inputs that have the same total cost. C) are the inverse of the isoquant lines. D) represent supply and demand for inputs at a given cost.
Suppose there are two goods (X and Y). On a traditional graph of a budget line a tripling of all prices and incomes will
a. alter the slope of the budget line only. b. alter the slope of the budget line as well as the Y-intercept. c. alter the slope of the budget line as well as the X-intercept. d. leave the budget line unaltered.
The typical monopolistically competitive firm always earns an economic profit in the long run, regardless of whether or not it advertises
a. True b. False
Which of the following nations is not a member of the European Union?
A. Switzerland. B. France. C. Germany. D. Italy.