Which of the following statements about the gender gap in income is correct?
A. The typical woman in the U.S. earns about 75% as much as the typical man.
B. In higher education, women are under-represented in more lucrative majors such as physics and chemistry.
C. Gender discrimination against women resulted in an excess supply of female workers in female-dominated occupations.
D. All of these
Answer: D
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A) exports and consumption; positively B) consumption and government spending; negatively C) exports and investment; negatively D) rental income and investment; negatively
A consumer price index of 160 in 1996 with a base year of 1982-1984 would mean that the cost of the market basket
A) equaled $160 in 1983. B) rose 160% from the cost of the market basket in the base year. C) rose 60% from the cost of the market basket in the base year. D) equaled $160 in 1996.
Why is it that only a small percentage of American firms are incorporated?
a. Corporate debt as stockholder's liability. b. Small size of firms. c. Unlimited liability. d. Inability to outlast associated individuals.
An example of a good that exhibits a negative network externality is:
A. a wireless internet connection. B. Facebook. C. telephones. D. All of these are examples of goods that create negative network externalities.