Which of the following statements about the gender gap in income is incorrect?
A. Women are underrepresented in more lucrative majors such as computer science and engineering.
B. Women in many occupations have less experience, compared to men.
C. Women have been denied access to high-paying male-dominated occupations.
D. None of these
Answer: D
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Refer to Scenario 15.1. In terms of this year's dollars, this "Fifty Million Dollar" contract is worth approximately
A) $45.4 million. B) $37.9 million. C) $10 million. D) $9.4 million. E) $7.5 million.
John is trying to decide whether to expand his business or not. If he continues his business as it is, with no expansion, there is a 50 percent chance he will earn $100,000 and a 50 percent chance he will earn $300,000. If he does expand, there is a 30 percent chance he will earn $100,000, a 30 percent chance he will earn $300,000 and a 40 percent chance he will earn $500,000. It will cost him $150,000 to expand. The expected value of John's earnings if he chooses not to expand is:
A. $250,000. B. $200,000. C. $400,000. D. $225,000.
A good example of a monopolistic competitive industry is
A. the federal highway system. B. the few major textbook publishers together with nearly 100 percent of industry sales. C. wheat farms in the United States. D. the pop music industry.
One measure of "ability to pay," the national debt is the debt to
a. GDP ratio. b. tax ratio. c. spending ratio. d. investment ratio.