What is the basic criticism that economic theory levels against the movement to base wages on the "comparable worth" of jobs?
A) Markets, not employers, set wage rates for different jobs.
B) There are no jobs that are inherently more suitable for women than for men.
C) There is no way to compare the satisfactions that different people derive from a job.
D) Wage rates determine the worth of workers to an employer by determining the number that will be hired.
E) Wage rates will be set by supply and demand and cannot be changed by anything government does.
D
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Which of following was a period of below-average economic growth in the United States?
A) the 1920s B) the 1960s C) the 1930s D) all of the above
The opportunity cost of holding money:
A. is zero because money is not an economic resource. B. varies inversely with the interest rate. C. varies directly with the interest rate. D. varies inversely with the level of economic activity.