Comparable worth legislation
A) guide markets toward the economically efficient wage.
B) mandate that employers pay the same wages to workers, regardless of their gender, for jobs that have comparable worth.
C) will eliminate the earnings gap between men and women.
D) mandate that potential employers demonstrate that they are worth the wages they expect to earn.
B
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A pollution permit trading system
a. is not a market-oriented policy instrument b. is used to combat acid rain in the United States c. is not viable on an international level d. is not capable of achieving a cost-effective solution
Table 7-5 Stereos produced 0 1 2 3 4 5 6 Total cost (in $) 200 325 410 475 550 660 825 Table 7-5 shows short-run total cost figures for a stereo manufacturer. At what output level does short-run average total cost reach a minimum?
A. 2 B. 3 C. 4 D. 5
The economic cost of unemployment is the loss of potential output which can never be realized
a. True b. False Indicate whether the statement is true or false
Long-run full-employment equilibrium assumes: a. a downward-sloping production function. b. a downward-sloping long-run supply curve (LRAS)
c. the CPI index price level equals the equilibrium wage rate. d. the CPI equals aggregate demand (AD) equals short-run aggregate supply (SRAS) equals long-run aggregate supply (LRAS).