Which of the following is true?
a. Employers who discriminate against women will have lower costs than rival firms that hire employees strictly on the basis of merit (productivity).
b. If employers can hire equally productive female employees at a lower wage than males, the profit motive gives them a strong incentive to do so.
c. The female/male earnings ratio is higher for persons who are married than for those who remain single.
d. Both a and c are true.
B
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The specific oligopolistic model used in a market
A) depends on the pricing structure of the good or service sold. B) depends on the characteristics of the market, such as time horizon for competition. C) is usually a Cournot model, unless cartels are illegal. D) All of the above.
Incomes policies reject wage-price controls and guidelines
a. True b. False Indicate whether the statement is true or false
Assume that the demand for film cameras decreases in a competitive market. What will most likely happen to the equilibrium price and quantity of film cameras?
a. Price will decrease; quantity will increase b. Price will decrease; quantity will decrease c. Price will increase; quantity will increase d. Price will increase; quantity will decrease
If corn and wheat are alternative pursuits for a farmer, a change in the supply of corn will take place when, ceteris paribus,
A. The price of wheat changes. B. The demand for corn changes. C. Consumers want to buy more corn at the same price. D. The price of corn changes.