Economists Who Are Critical of Comparable Worth Proposals Are Likely

question 50

Multiple Choice

Economists who are critical of comparable worth proposals are likely to argue which of the following?
(i) the competitive market is the best mechanism for setting wages
(ii) a gender wage gap is not by itself evidence of discrimination
(iii) implementation of a comparable worth program would have many of the same effects as minimum wage legislation

• A)(i) and (ii) only
• B)(ii) and (iii) only
• C)(i) and (iii) only
• D)(i), (ii) and (iii)

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Definitions:

Proceeds

The total amount of money or assets that result from a particular transaction or event.

Consideration

Something of value that is given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.

Chattel Paper

A document or electronic record that evidences both a monetary obligation and a security interest in specific goods or a lease of specific goods.

Monetary Obligation

A monetary obligation is a legal requirement to pay a certain amount of money, often arising from contracts, loans, or fines.