The Equal Pay Act (EPA) of 1963

question 31

Multiple Choice

The Equal Pay Act (EPA) of 1963

• A) allows differences in pay in the case of a seniority system or merit system.
• B) requires employees to pursue workplace safety.
• C) states that pregnancy is a disability.
• D) protects private pension programs from mismanagement.
• E) requires employers to provide health insurance to their employees.

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Definitions:

Equilibrium Price

The market price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, leading to a stable market condition.

Supply Falls

A situation where the quantity of goods or services available decreases in relation to demand.

Price Floor

A government- or group-imposed price control or limit on how low a price can be charged for a product.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, leading to market equilibrium.