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:

Reversing Entries

Journal entries that are made at the beginning of an accounting period to reverse or cancel out adjusting journal entries made at the end of the previous accounting period.

Assets

Resources owned by a company that have economic value and can provide future benefits.

Liabilities

Liabilities are financial obligations or debts owed by a business to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Reversing Entry

An accounting entry that is made at the beginning of an accounting period to reverse or cancel out a previously made adjusting entry.