Consider a law that limits women's access to certain "dangerous" occupations like coal mining and military combat service. Such a law would likely reduce women's wages because:
a. women would be overqualified for "non-dangerous" jobs.
b. comparable worth would no longer exist between men's and women's occupations.
c. women would be less likely to obtain college degrees.
d. labor supply in female-intensive occupations would increase.
d
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The amount of investment demand at each interest rate falls. If the Fed holds to an unchanged interest rate target, the change in GDP is __________ if it had held to an unchanged money supply target
A) greater than B) less than C) the same as
The firm that cheats in a cartel receives a higher profit because it suffers only a fraction of the loss caused by the lower product price
a. True b. False Indicate whether the statement is true or false
A fiduciary monetary system ultimately rests on
A) the value of the assets backing up the system. B) the public's confidence in the system. C) the difficulty of counterfeiting the currency. D) the value of the metal backing up the system.
Which of the following statements is true?
A) Capitalism has a tendency to eliminate scarcity. B) Competition could be eliminated if money were abolished. C) Competition is desirable and cooperation is undesirable. D) Greed must be present for a market transaction to be effective. E) None of the above.