The existence of differences between the average earnings of men and women
A. proves the existence of economic discrimination.
B. may be partially due to factors other than economic discrimination.
C. proves that men on average invest more in their human capital than women do.
D. indicates that men are on average smarter than women.
Answer: B
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Refer to Table 20.1. George is a single taxpayer with an income of $65,000. What is George's marginal tax rate?
A) 19% B) 27% C) 38% D) 57%
The United States experienced a deep recession between 2007 and 2009. Which type of unemployment would most likely increase during that period of recession?
A) cyclical unemployment B) frictional unemployment C) seasonal unemployment D) structural unemployment
When the supply of labor to a firm is perfectly elastic the marginal factor cost will equal the
A) market price of the product. B) wage rate. C) marginal physical product. D) wage rate times the number of workers.
Use the above table. The income elasticity of jam is
A. 0.33. B. -3.00. C. 3.00. D. -0.33.