1.The doctrine of comparable worth suggests that

A.women are compensated less compared to men in every job.

B.workers with similarskills, education, and responsibilities should receive the same wage.

C.men have a higher marginal revenue product compared to women and therefore earn a higher wage.

D.men produce the larger proportion of worldwide output and therefore earn a higher wage compared to women.

2.A research report on Advil ispublished, the report states that Advil is very effective in preventing many diseases. In a free marketsystem, we would expect

A.Demand to shiftright, and the price of Advil to rise.

B.Supply to shiftright, and no change to price.

C.Supply to shiftright, and price the price of Advil to fall.

D.Demand to shiftleft, and the price of Advil to fall.

3.If marginal utility for a good is negative youwill,

A.not purchase that additional good as it will not maximize utility

B.not enough information is present to answer this question

C.continue purchasing the good to satisfy your unlimited wants

D.continue purchasing the good until marginal utility is positive

4.The production possibilities curve illustrates the basic principle that

A.the distribution of income among households is the major determinant of the economic welfare of a nation.

B.if the resources of an economy are being usedefficiently, more of one good can be produced only if less of another is produced.

C.by using resourcesproperly, it is possible to produce outside of PPC.

D.an economy will automatically seek the output at which all of its resources are fully employed.