Which of the following is a likely reason for wage inequality between men and women?
A) Men generally tend to have higher education qualifications than women.
B) Women generally tend to have higher educational qualifications than men.
C) Men tend to spend more time out of the labor force as compared to women.
D) Women tend to spend more time out of the labor force as compared to men.
D
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You can invest $100,000 into either project A or B. You estimate that A would succeed with a probability of 0.7 in which case it doubles in value. If it fails, its scrap value is $50,000 . Project B would succeed with probability 0.6, in which case it would have a value of $150,000 . If it fails, project B's scrap value is $30,000 . Which project should you invest in?
a. Project A b. Project B c. Neither of the projects d. You cannot tell from the information presented
Jason and Julie are gardeners. Jason grows corn and Julie grows tomatoes. Every week they trade: Jason gives Julie a bushel of corn in exchange for half a bushel of tomatoes. Is Jason's bushel of corn counted as part of GDP? How would your answer change if Julie bought Jason's corn for $10 at the local farmers' market?