Which of the following situations is the most common? Men and women
A. doing the same job and getting equal pay.
B. doing the same job and getting unequal pay.
C. doing very different kinds of work and consequently having different earnings.
D. randomly distributed across occupations with average earnings about equal.
Answer: C
Economics
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Why is the supply of oil more price elastic in the long run?
A) New deposits are found. B) Better extraction technology is developed. C) Firms have the ability to change the amount of all inputs. D) All of the above.
Economics
The additional amount a person is willing to pay to obtain a good or resource now rather than later is called the
a. interest rate. b. nominal price of future goods. c. inflationary premium. d. risk premium.
Economics