Many economists suggest that absent legal mechanisms of discrimination, the wage paid to men and women will converge because
A. employers will feel guilty about paying men more when other firms pay equally.
B. employers will feel guilty about hiring only men.
C. it will be in the interest of profit-minded employers to hire women, thus bidding up their wages.
D. if employers can hire men and women at the same wage, they will hire equal numbers.
Answer: C
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If the price level rises from 100 to 110 then the inflation rate is
A) 100 percent. B) 1.0 percent. C) 10.0 percent. D) 110 percent. E) None of the above answers is correct.
The above figure shows a labor market with a minimum wage of $8 an hour. The value of the resources workers are willing to use in their job search equals the distance between point ________ and point ________
A) a; d B) a; b C) b; c D) a; c E) c; d
A standard of deferred payment is most essential in a
a. barter economy. b. cash-only economy. c. credit economy. d. primitive economy.
The individual mandate provision of the ACA requires
A) every U.S. resident to have health insurance. B) every U.S. company to provide health insurance to its employees. C) every employed person to pay for his or her own health insurance. D) every private insurance company to provide free health care to its current policy holders.