Women typically earn less than men, even in the same occupation. Which of the following is an explanation for this discrepancy?
A) Women tend to take riskier jobs and earn compensating wage differentials.
B) Women have, on average, less workforce experience than men of the same age.
C) Women do not work as hard as men because of cultural influences.
D) Women are, on average, less motivated than men and therefore tend to avoid taking on more responsibilities.
B
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Two goods are said to be substitutes when a fall in the price of one good:
A) leads to a left shift in the demand for the other good. B) leads to a rise in the price of the other good. C) doesn't affect the demand for the other good. D) leads to a right shift in the demand for the other good.
In the above figure, economies of scale are present up to an output level of
A) 5,000 pounds of coffee. B) 10,000 pounds of coffee. C) 13,000 pounds of coffee. D) 15,000 pounds of coffee.