Comparable worth aims at
A) increasing the earnings of the least-skilled workers in the labor force.
B) raising the relative wages paid in jobs traditionally dominated by women.
C) reducing the relative income shares going to property owners.
D) securing equal wages for people performing identical jobs.
E) securing equal wages for people performing identical jobs and performing equally well.
B
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When a demand curve is vertical, the elasticity of demand is equal to
A. 0. B. 1. C. ?. D. -1.
According to the theory of rational expectations, expansionary fiscal policy that is anticipated will:
a. cause wage expectations to adjust downward immediately following the lower price level. b. increase the real wage rate in the long run. c. cause a permanent decline in the natural rate of unemployment. d. decrease the real wage rate in the long run. e. cause wage expectations to adjust upward immediately following the higher price level.
Which of the following goods is likely to have the most elastic demand curve?
A. Tobacco products. B. Gasoline. C. Medical care. D. Honda automobiles.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The economy is currently at Point B. The opportunity cost of moving from Point B to Point A is the
A. 120 LCD TVs that must be forgone to produce 20 additional OLED TVs. B. 30 LCD TVs that must be forgone to produce 40 additional OLED TVs. C. 20 OLED TVs that must be forgone to produce 30 additional LCD TVs. D. 40 OLED TVs that must be forgone to produce 120 additional LCD TVs.