Which Is the Most Accurate Statement

question 36

Multiple Choice

Which is the most accurate statement?

• A)Employment discrimination has been almost entirely wiped out over the last few decades.
• B)A male kindergarten teacher generally receives about the same pay as a female kindergarten teacher.
• C)Nearly everyone agrees that Wal-Mart is an equal opportunity employer.
• D)A female physician and surgeon receive significantly lower pay than her male counterpart.

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Definitions:

Import Protection

Measures by a government to restrict foreign imports to protect domestic industries.

Import Quotas

Restrictions set by a country on the amount or volume of goods that can be imported into the country over a set period of time.

Consumer Surplus

The discrepancy between what consumers are prepared to spend on a good or service and what they end up paying.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total benefits to society from trading goods and services.