Many Economists Are Critical of Proposals to Pass Comparable Worth

question 41

Multiple Choice

Many economists are critical of proposals to pass comparable worth legislation.Which of the following is the best explanation for this criticism?

• A)Comparable worth legislation will only lead to efficient market outcomes if women in low-paying jobs suffer from cognitive dissonance.
• B)Proposals for comparable worth legislation assume that wages for low-paying women's jobs should include compensating differentials. Economists believe that compensating differentials should be part of the wages for all jobs held by women.
• C)Proposals for comparable worth legislation call for increases in the wages of jobs held predominantly by women. Economists believe that this legislation should be used to increase the wages of all workers.
• D)Many economists believe that allowing markets to determine wages, rather than the rules required by comparable worth legislation, results in more efficient outcomes.

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Definitions:

Tax Evasion

The illegal act of not paying taxes owed, thereby hiding income or information from the tax authorities.

Partnership Interest

An ownership share held by a partner in a partnership, representing a portion of the partnership's assets and profits.

Statement of Dissociation

A formal document filed to announce a partner’s withdrawal from a partnership, which affects the partnership's legal and operational status.

Secretary of State

A high-ranking official in many governmental bodies who is typically in charge of foreign affairs or domestic records.