Explain why women, on average, earn less than men in the United States.
What will be an ideal response?
On average, women have less education and less work experience. Especially in education, women have been underrepresented in more lucrative majors while being overrepresented in majors such as general liberal arts. In addition to the differences in skills and productivity, occupational discrimination against women has also contributed to the large gender gap in income.
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Suppose the table below describes the relationship between price and quantity demanded for a monopolist.QuantityPrice1$102$93$84$75$66$57$48$3 If the marginal cost of producing each unit of output is $5, the at the monopolist's profit-maximizing level of output, the monopolist produces ________ units of output than is socially optimal.
A. 3 more B. 2 fewer C. 1 more D. 3 fewer
Why do firms form a cartel? How do cartels achieve their goals?
What will be an ideal response?
The convergence hypothesis suggests that poor countries may close the income gap with rich countries
a. True b. False Indicate whether the statement is true or false
Which of the following is not a component of M1?
A) currency held outside banks B) traveler's checks C) savings deposits D) checkable deposits