Which of the following is true?
a. Employers who discriminate against women will have lower costs than rival firms that hire employees strictly on the basis of merit (productivity).
b. If employers can hire equally productive female employees at a lower wage than males, the profit motive gives them a strong incentive to do so.
c. The female/male earnings ratio is higher for persons who are married than for those who remain single.
d. Both a and c are true.
B
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National Income is obtained by
a. subtracting capital consumption allowance from GDP. b. adding all the earnings of productive resources in a given period. c. subtracting personal taxes from personal income. d. adding personal savings and personal consumption expenditures.
Given a fixed level of spending, you will maximize utility when the:
A. marginal satisfactions are maximized. B. ratios of the marginal utilities to their prices are equal. C. total satisfaction from both goods is maximized regardless of cost. D. ratios of the total utilities to their prices are equal.