Some careers, such as flight attendants, nurses, and primary school teachers, used to be considered "women's jobs.". Other jobs, such as airline pilots, physicians, and school principals, were traditionally considered to be "men's jobs" and were not
generally open to women. If women are allowed increased access to the jobs that had traditionally been considered to be "men's," explain the effects on wage rates.
The supply of women to "women's jobs" would decrease, leading to higher wage rates in those jobs.
Simultaneously, the supply of women to "men's jobs" would increase, leading to lower wage rates in those
jobs.
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A loan covenant is a guarantee provided by the directors of a company that a term loan will be repaid by the maturity date.
a. true b. false
When the government levies a $100 million tax on people's income and puts the $100 million back into the economy in the form of a spending program, such as new interstate highway construction, the:
A. tax, then, generates a $100 million decline in real GDP. B. level of real GDP expands by $100 million. C. effect on real GDP is uncertain. D. tax multiplier overpowers the income multiplier, triggering a rollback in real GDP.
The real interest rate is
A. the nominal interest rate plus the GDP deflator. B. the nominal interest rate minus the anticipated inflation rate. C. the nominal interest rate plus a COLA. D. the nominal interest rate plus the anticipated inflation rate.
Normative statements are
a. not usually made by economists. b. claims about how the world should be. c. claims about how variables in the economy normally behave. d. pessimistic interpretations of the economy.