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. On average, the number of hours worked per year by women in the labor force is greater than the hours worked by men in the labor force.
c. The female/male earnings ratio is substantially higher for never married persons than for those married with a spouse present.
d. As the proportion of women preparing for careers as professionals has increased in recent decades, the earnings of women have declined relative to those for men.
C
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When a country adds more capital to its existing stock:
A. it experiences rapidly increasing rates of growth. B. the additional productivity is less than the previous increases to productivity. C. it experiences rapid declines in its level of income. D. the additional productivity is more than the previous increases to productivity.
The equation of exchange is M× V = P× Y.
Answer the following statement true (T) or false (F)
Which of the following is NOT one of the rules for a gold standard?
A. Each country should fix the value of its currency in terms of gold. B. There should be an unrestricted flow of gold between countries. C. The central bank in each country should hold gold reserves in a direct relationship to the currency it issues. D. Capital controls should be used to conserve each country's gold holdings.
Camels have been used as money. Which function of money would this type of money perform least well?
A. medium of exchange B. store of value C. unit of accounting D. standard of deferred payment