Professional female basketball players make far less income than do professional male basketball players. Why?
A. gender discrimination
B. compensating differentials
C. The supply of female players is far greater than the supply of male players.
D. The demand for female players is far less than the demand for male players.
Answer: D
You might also like to view...
A British investor buys $40,000 worth of stocks in the U.S. stock market. For the U.S. we would predict ________.
A. aggregate demand will fall B. aggregate supply will rise C. aggregate demand will rise D. aggregate supply will fall
An increase in which of the following leads to a decline in the monetary base?
A) float B) discount loans C) foreign deposits at the Fed D) SDRs
Jaime's father gives her a pen for her graduation from college, but Jaime wants a smartphone. This implies that
A) Jaime's father is not acting out of self-interest because he knows that she really wants a smartphone. B) Jaime's father is acting out of self-interest because he wants to give her something useful. C) Jaime is not acting out of her self-interest by wanting something different from what her father gives her. D) Jaime is not rational by asking for a smartphone instead of a pen.
Jason is faced with two options: A BMW costing $40,000 gives him an additional 800 units of utility, and a laser printer costing $1,000 gives him an additional 25 units of utility. Rational choice theory would predict that he would choose:
A. to purchase the laser printer. B. it is impossible to choose because BMWs and laser printers are fundamentally different goods with different purposes. C. to purchase the BMW. D. it is impossible to choose because the goods have different prices.