Which of the following is a likely reason for wage inequality between men and women?
A) Men generally tend to have higher education qualifications than women.
B) Women generally tend to have higher educational qualifications than men.
C) Men tend to spend more time out of the labor force as compared to women.
D) Women tend to spend more time out of the labor force as compared to men.
D
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When the Fed lowers the federal funds rate, which of the following economic variables responds most slowly?
A) other short-term interest rates B) the inflation rate C) consumption expenditure D) the long-term real interest rate E) the supply of loanable funds
Natural resources:
A. are physical structures that sit on the earth, improving it and making it more productive. B. are production inputs that come from the earth. C. are natural talents people are born with that make them productive. D. None of these is true.
The ________ is the product of the marginal product of labor and the price of the output.
A. marginal revenue product B. average revenue C. total revenue D. marginal factor cost
The ________ is the share of industry output in sales or employment accounted for by the top firms in an industry.
A. concentration ratio B. competitive index C. contestability ratio D. collusive level