Question
1. In which year were women declared to be persons in Canada? 2. In which year did the principle of equal pay enter Canadian legislation?
1. In which year were women declared to be persons in Canada?
2. In which year did the principle of equal pay enter Canadian legislation?
Note: some dates should be remembered for the test. These include:
Same-sex marriage, the date at which it became illegal to sexually harass a co-worker, the first time indigenous people could vote without relinquishing their legal identity, the first time Chinese and Japanese Canadians could vote, the first time women could vote. If other dates are important to you, remember them and be ready to explain why they are important.
3. Paying for services:
Identify which of the following would be a payment based on opportunity costs of inputs, the opportunity cost of output or replacement cost of output. Also, calculate or identify the value of the service.
a) Jamie is considering hiring someone to clean the house. Jamie earns $20 / hour at work. Jamie learns that the house cleaning service costs much more than $20/ hour. Jamie chooses to do the housecleaning, purchasing cleaning supplies for $2/hour. The value of Jamie's housecleaning is measured as. _____Value_____
b) Max can buy coffee for $3.00. By making it at home, therefore, Max figures there is a $.00 saving. Measured as._____ Value_____
4. In each case, indicate who is likely to get the higher compensation: (write 'more' or 'less' than Implications of market valuation and non-market valuation means that, if a natural disaster ended their lives, compensation paid for:
a. a 25-year-old daycare worker would receive _____ more compensation than that paid for a 40-year-old stay-at-home mother.
b. a 30-year-old daycare worker would be _____ than compensation paid for a 42-year-old bank manager.
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