Which of the following statements regarding gender differences in international labor markets is true?
A. Men and women are typically employed at the same rate in developed countries.
B. The difference in male and female wages in the United States is about the average of other developed countries.
C. There is no discernable wage gap between men and women in most developed countries.
D. The difference in male and female wages in the United States is less than in almost any other developed country.
E. There is a sizeable wage gap between men and women in most developed countries.
Answer: E
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In Figure 11.1, an increase in the marginal propensity to save is represented by a change in the consumption function from
A) C1 to C3. B) C3 to C1. C) C2 to C1. D) C1 to C2.
Wealthy people are more likely than poor people to use airplanes rather than busses for interurban travel because
A) their demand for transportation is more elastic. B) their demand for transportation is more inelastic. C) they can better afford to use a higher-cost mode of transportation. D) they are more likely to ignore the relative costs of busses and airplanes. E) traveling by airplane usually costs them less than traveling by bus.
Suppose you borrow $1,000 at 8% for 2 years. If the interest is compounded annually, how much money will you owe at the end of those 2 years?
A. $1,080.00 B. $1,160.00 C. $1,166.40 D. $1,345.60
Which of the following entities is compelled to pay premiums to the Pension Guaranty Trust Corporation?
A. Social Security B. Defined benefit pension programs C. Ponzi schemes D. Defined contribution programs