The principle of "comparable worth" asserts that people with comparable, if not identical, skills and responsibilities should receive the same pay. If this principle were to become law, it would tend to
a. reduce the problem of the "cost disease of services."
b. exacerbate the problem of the "cost disease" of the service sector.
c. be irrelevant to the "cost disease" problem.
d. eliminate the problem of externalities.
b
Economics
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In the figure above, if income were distributed equally across all households, the poorest 10 percent of households would receive ________ of total income
A) 5 percent B) 10 percent C) 15 percent D) 20 percent
Economics
Why does the substitution bias cause the consumer price index to overstate inflation and the cost of living? Why does the increase in quality bias cause the consumer price index to overstate inflation and the cost of living?
What will be an ideal response?
Economics