The concept of comparable worth:
a. is that pay ought to be determined by job characteristics rather than by supply and demand.
b. is that pay ought to be determined by supply and demand rather than by job characteristics.
c. has made hiring practices much simpler for employers.
d. asserts that market-determined wages are the only appropriate way in which to allocate pay.
e. is easy to implement once a new worker has been hired.
a
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Use the following statements to answer this question:
I. If the extent of a market is broader, it is less likely that firms in the market can influence the market price. II. In determining whether two different products belong to the same market, it is necessary to know whether the two products can be used as substitutes for each other. A. I and II are both true. B. I is true, and II is false. C. I and II are both false. D. I and II are both false.
When applying the marginal principle, you should pick the level at which the activity's marginal benefit equals its marginal cost
Indicate whether the statement is true or false