When Members of a Group Enjoy Different Opportunities That Cannot

question 80

Multiple Choice

When members of a group enjoy different opportunities that cannot be attributed to differences in ability,

• A)discrimination is said to occur
• B)comparable worth laws are ineffective
• C)licensing agreements must be in effect
• D)all wages in the market will be the same
• E)the demand for labor will increase

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Definitions:

Function

A relation between a set of inputs and a set of permissible outputs, specifying a single output for each input.

Production Function

An equation that describes the relationship between the quantities of productive factors used and the amount of product obtained.

Returns To Scale

Describes how the output of a production process changes as all inputs are scaled up or down by the same proportion.

Input

Resources used in the production process to generate output, including labor, capital, materials, and energy.