If men, on average, earn 20 percent more than women in a particular occupation,
a. this is clear evidence of discrimination.
b. some of this differential could be due to differences in educational levels.
c. some of this differential could be due to differences in human capital.
d. Both b and c are correct.
d
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Following the tariff imposed on Chinese tires, some businesspeople correctly argued that the U.S. tariff would result in
A) China retaliating by raising tariffs on some U.S. exports. B) China halting the sale of all products in the United States. C) U.S. firms never being able to meet the demand for U.S.-produced tires. D) the government demanding price cuts from U.S. tire manufacturers.
Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the market for motorcycles at the intersection of D1 and S1 (point A)
If there is an increase in the wages of motorcycle workers and an increase in the price of motorcycle insurance, a complement to motorcycles, the equilibrium could move to which point? A) A B) B C) C D) E
Refer to Figure 20.2. Comparing the price elasticity of demand at points A and C, we can say that
A. Point C has a greater price elasticity of demand in absolute value. B. Demand elasticity is indeterminate because specific price data are not given. C. The elasticities are the same because the points are on the same demand curve. D. Point A has a greater price elasticity of demand in absolute value.
Refer to the above figure. Which of the following points indicates an efficient use of resources?
A. a B. d C. e D. More information is needed to answer the question.