Comparable Worth In Response to the Gender Gap, Some States and Countries

question 82

Multiple Choice

Comparable worth
In response to the gender gap, some states and countries have experimented with comparable worth regulations.This tries to close the wage gap by requiring employers to pay people doing jobs of comparable worth the same income.Hence, if firemen get paid more than librarians, but regulators deem that the jobs are of comparable wealth, then wages of librarians would have to rise to match firemen.Advocates of comparable worth policies believe that compensating differentials do not explain differences in wages of men and women.One potential critique this principle of comparable worth is that:

• A)workers are seldom discriminated against
• B)wage differences are unlikely to reflect differences in training or work experience
• C)if non-monetary aspects of a job are difficult to measure, establishing comparable worth will be harder
• D)wage differences are unlikely to reflect differences in risk or difficulty

Understand the financial benefits and costs associated with home ownership versus renting.

Identify and explain the purposes of various real estate procedures and entities such as security deposits, zoning laws, and earnest money.

Recognize the different types of housing available and their characteristics.

Understand mortgage financing options, including the calculations and considerations involved in mortgage payments and refinancing.

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Definitions:

Government Payment

Financial transfers made by the government to individuals, firms, or other entities, typically aimed at achieving economic or policy objectives.

Utility Function

A mathematical representation that ranks an individual's preferences for various bundles of goods, reflecting satisfaction or happiness.

Consumption

The use of goods and services by households, contributing to their well-being and satisfaction.

Leisure

Time spent away from work and other compulsory activities, used for relaxation or chosen activities.