The principal argument against comparable worth is that:
a. men and women differ largely in terms of their productivities.
b. market does not function correctly and leads to inefficient allocation of resources.
c. market allocates scarce resources to their most valued use in the most efficient manner.
d. demand and supply do not allocate workers to where they are needed the most.
e. legislation by the government are often appropriate as it processes all the available information correctly.
c
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Law of Supply and Demand
What will be an ideal response?
If a firm is experiencing diminishing marginal returns,
a. total output decreases as all resources are increased b. total output decreases as all resources are decreased c. total output decreases as one variable resource is increased, other things constant d. additional increments of output diminish as one variable resource is increased, other things constant e. additional increments of output diminish as all variable resources are increased