“Discrimination based on gender may cause a regrettable redistribution of income in favor of males and at the expense of females, but it entails no loss to society as a whole.” Evaluate
What will be an ideal response?
The first part of the statement is true, but the second part of the statement is not correct. If women are not employed in their most productive use because they are being discriminated against, then society is not realizing its full production potential. The result of discrimination in favor of males is that women are being crowded into a relatively few occupations where their MRP will be lower than that of men. Discrimination prevents them from moving into higher-productivity and higher-paying positions. As a result, society suffers a loss as women are not being employed at their optimal levels of productivity, and thus society loses the benefit of that additional output. If the women were employed in the male jobs from which they were excluded, they would be more productive than those particular men are, and as a result society would gain. Therefore, society loses when women are kept from performing those jobs.
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Why did the slave-labor system probably cause a lag in Southern urban and industrial development?
(a) The slave system provided a weak market for goods because of the low income and consumption levels of slaves. (b) Side-effects of urbanization and industrialization, such as slave flight and greater freedom, were threatening to Southern owners. (c) The South's slave society culture was resistant to manufacturing and urbanization. (d) All of the above apply.
A local labor market for lawn-mowing workers is initially in equilibrium. If researchers develop a new inexpensive grass seed that provides a lush, slow-growing lawn, which of the following will occur in the short run?
a. Both labor demand and labor supply will drop, leading to a higher wage rate but lower employment. b. Both labor demand and labor supply will rise, leading to a lower wage rate and lower employment. c. Labor demand will drop, leading to a lower wage rate and higher employment. d. Labor supply will drop, leading to a higher wage rate and lower employment. e. Labor demand will drop, leading to a lower wage rate and lower employment.
It is possible that if a monopoly is broken up, the cost of production for that product could increase
a. True b. False Indicate whether the statement is true or false
It is stated that, in democracy, every vote counts. To be a contentious voter in a democracy, one should
A. spend some time learning about the issues. B. find out about the positions of the candidates. C. be sure to vote. D. all of these answer options are correct.