Consider a law that limits women's access to certain "dangerous" occupations like coal mining and military combat service. Such a law would likely reduce women's wages because:
a. women would be overqualified for "non-dangerous" jobs.
b. labor supply in female-intensive occupations would increase.
c. women would be less likely to obtain college degrees.
d. comparable worth would no longer exist between men's and women's occupations.
b
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Free ridership is associated with what kind of externality, and why?
a. positive, because costs are identified but not internalized b. negative, because costs are identified but not internalized c. positive, because many who benefit are not always identified or accounted for d. negative, because many who benefit are not always identified or accounted for e. positive, because social value equals private value
Ellie and Brendan both produce apple pies and vanilla ice cream. If Ellie's opportunity cost of one apple pie is 1/2 gallon of ice cream and Brendan's opportunity cost of one apple pie is 1/4 gallon of ice cream, a mutually advantageous trade can be struck at a price of one apple pie for 1/3 gallon of ice cream
a. True b. False Indicate whether the statement is true or false
Some of the factors that can shift the short-run aggregate supply curve can also cause a shift in the long-run aggregate supply curve
Indicate whether the statement is true or false
The usual situation in banking regarding asymmetric information is:
A. borrowers and lenders have the same information. B. lenders and borrowers have perfect information. C. borrowers know more than lenders. D. lenders know more than borrowers.