If you believe that all workers should be paid the same, you believe in the
A) egalitarian principle.
B) productivity standard.
C) benefits standard.
D) comparative worth principle.
Answer: A
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If the price of flash memory cards increases, then there will be ________ of flash memory cards
A) a decrease in the supply B) an increase in the supply C) an increase in the quantity supplied D) a decrease in the quantity supplied
Which of the following statements, in the context of U.S. exports, is true?
a. The U.S. exports products produced in the low wage industries. b. Primary products account for the largest share of U.S. exports to developed nations. c. The U.S. mainly exports labor intensive goods. d. Most U.S. exports are produced in high-wage industries. e. A bulk of U.S. exports to developing nations comprise of perishable commodities.
If every individual earned the same total income over his or her lifetime, there would still be observed inequality because: a. people earn more in their youth
b. people earn more in middle age. c. people earn more when they are very old. d. of none of the above.
Which of the following is a criticism of capitalism?
a. All of the answers are correct. b. Exploitation of workers. c. Unequal distribution of income. d. Failure to protect the environment.