Economists generally agree that
a. human capital theory provides the best explanation of discriminatory practices.
b. differences in average wages do not by themselves provide conclusive evidence about the magnitude of discrimination in labor markets.
c. discrimination is exclusively an economic, rather than political, phenomenon.
d. most of the wage differentials observed in the U.S. economy are due to discrimination.
b
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Isabel can work as a rodeo clown, where the probability of being killed in a work-related accident is 5/10,000, or she can earn work as a sword swallower, where the probability of being killed in a work-related accident is 3/10,000
Using the compensating differential approach, the value of Isabel's life is $5 million. How much more per year will working as a rodeo clown pay than working as a sword swallower?
For small investors, the best way to pursue a "buy and hold" strategy is to
A) buy and sell individual stocks frequently. B) buy no-load mutual funds with high management fees. C) buy no-load mutual funds with low management fees. D) buy load mutual funds.