Current Statistics from the U

question 42

Multiple Choice

Current statistics from the U.S. Department of Labor indicate that

• A)women have not benefitted from the Equal Pay Act.
• B)women now earn on average more than men.
• C)women make up only about 10% of the workforce.
• D)women earn 54 cents for every dollar earned by men.
• E)women earn 79 cents for every dollar earned by men.

---

Definitions:

Opportunity Cost

The cost of the next best alternative that is forgone when making a decision.

Scenario 1-5

A series of hypothetical or planned situations used for strategic planning, decision making, or analysis, labeled numerically for differentiation.

Working

Engaging in a physical or mental activity to achieve an objective, often to earn an income.

Opportunity Cost

The loss of potential gain from other alternatives when one particular option is chosen over others.