Which of the Following Law Amended the FLSA to Include

question 39

Multiple Choice

Which of the following law amended the FLSA to include a prohibition against pay differentials based on gender?

• A)Minimum Wage Law of 1938
• B)Equal Pay Act (EPA)of 1963
• C)Davis-Bacon Act of 1931
• D)Walsh-Healey Act of 1936
• E)Services Contract Act of 1965

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Definitions:

Competitive Equilibrium Price

The market price at which the quantity of an item supplied is equal to the quantity demanded, within a competitive marketplace.

Endowed

Provided with a quality, ability, or asset; in economics, it often refers to the resources or goods that an individual or institution possesses.

Pareto Optimal Allocation

An economic allocation where it is impossible to make any one individual better off without making at least one individual worse off.

Utility Function

A mathematical representation that assigns a level of utility or satisfaction to various combinations of goods and services consumed by an individual or society.