Which of the following is the best definition of gross domestic product (GDP)?
Ans: the market value of all final goods and services produced by resources located within the country
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If the price of gasoline increases, what will be the impact in the market for public transportation?
A) The quantity of public transportation demanded decreases. B) The quantity of public transportation demanded increases. C) The demand curve for public transportation shifts to the right. D) The demand curve for public transportation shifts to the left.
Which of the following is true?
a. Employers who discriminate against women will have lower costs than rival firms that hire employees strictly on the basis of merit (productivity). b. On average, the number of hours worked per year by women in the labor force is greater than the hours worked by men in the labor force. c. The female/male earnings ratio is substantially higher for never married persons than for those married with a spouse present. d. As the proportion of women preparing for careers as professionals has increased in recent decades, the earnings of women have declined relative to those for men.