Many Economists Argue That the Best Way to Correct Employer

question 44

Multiple Choice

Many economists argue that the best way to correct employer discrimination is to

• A)pass comparable worth laws
• B)increase the price of output,thereby raising profit
• C)shift the marginal revenue product curve of the unfavored group to the right
• D)shift the demand for labor to the left
• E)allow the market mechanism to equalize wages

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Definitions:

Variable Overhead Efficiency Variance

A measurement of the difference between the expected (or standard) amount of variable overhead based on actual output and the actual variable overhead incurred.

Supplies

Items used in the operation of a business, not directly tied to the product being sold but necessary for its production or administration.

Flexible Budget

A budget that adjusts or varies with changes in the volume of activity, revenue, or other factors influencing budgetary needs.

Refurbishment

The process of cleaning, decorating, and re-equipping to make something look new or to bring it back to excellent condition.