The Equal Pay Act of 1963 says which of the following?
a. people working the same job at the same company must be paid the same amount
b. people working the same job in the same industry must be paid the same amount
c. people working in a company with the same education level must be paid the same amount
d. people working in an industry with the same education level must be paid the same amount
a. people working the same job at the same company must be paid the same amount
You might also like to view...
Suppose that labor is the only productive resource needed. Scotland has a comparative advantage in producing firewood, while Iceland has a comparative advantage in producing wool. If the two nations trade with each other,
A. Scotland should export wool and Iceland should export firewood. B. Scotland should export both wool and firewood. C. Scotland should export firewood and Iceland should export wool. D. Iceland should export both wool and firewood.
Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower
If the economy is currently in equilibrium at a level of GDP that is below potential GDP, which of the following would move the economy back to potential GDP?
A) an increase in the value of the dollar relative to other currencies B) a decrease in business confidence C) an increase in wealth D) an increase in interest rates
A firm facing a horizontal demand curve
A. cannot affect the price it receives for its output. B. always produces at an output at which P = MR. C. faces perfectly elastic demand for its product. D. All of the responses are correct.