When Wives Earn Wages

question 3

Multiple Choice

When wives earn wages,

• A)it has little effect on their relationship with their husbands.
• B)it helps to move them in the direction of greater equality with their husbands.
• C)it tends to diminish their power relative to their husbands.
• D)it creates equality between themselves and their husbands.

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Definitions:

Input Price Ratio

The ratio of the prices of the inputs used in the production of goods or services.

Absolute Advantage

A condition in which a country, individual, or company can produce a good or service at a lower cost per unit than competitors can.

Comparative Advantage

The ability of a country, individual, or company to produce a good or service at a lower opportunity cost compared to others.

Trade

The act of buying, selling, or exchanging goods and services between people or countries.