Assuming all of the following people have the same education and experience, which one is likely to earn the highest wage, based on typical patterns in the United States?
a. Francine, who is single and has no children
b. Jeanne, who is married and has two children
c. Frank, who is single and has no children
d. John, who is married and has two children
d. John, who is married and has two children
Women with families and children are typically paid about 7% to 14% less than other women of similar education and work experience. Married men earn about 10% to 15% more than single men with comparable education and work experience. A gap remains between average wages for male and female workers. This means that, of these options, the married man will receive the highest pay.
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A business fluctuation when the pace of business activity is speeding up is known as
A) a contraction. B) a trough. C) an expansion. D) a recession.
The M1 money supply consists of:
a. only coins and currency held by the nonbank public b. certificates of deposit only. c. coins and currency held by the nonbank public, checkable deposits, and traveler's checks. d. money market mutual fund accounts, savings accounts, and other miscellaneous near-monies. e. only paper currency.