1. Which of the following is least likely to be the reason women are underrepres
ID: 1157847 • Letter: 1
Question
1. Which of the following is least likely to be the reason women are underrepresented in the economics profession?
a. cultural bias in primary and secondary education.
b. labor market discrimination
c. the choice of women to select other occupation
d. the inability of women to solve problems in economics
2. The effect of the Black Death in 14th-century Europe was to
a. decrease wages.
b. increase land rents.
c. reduce income inequality between peasants and the landed classes.
d. Both a) and b) are correct.
3. Which of the following statements is not correct?
a. Critics of the welfare system argue that it breaks up families.
b. Libertarians are opposed to redistributing income.
c. Utilitarians believe that the government should punish crimes but should not redistribute income.
d. One of the problems with measuring income inequality is valuing in-kind transfers.
4. Which of the following statements is correct?
a. The poverty line is adjusted for regional differences in the costs of raising children
b. One advantage to the Earned Income Tax Credit(EITC) is that it benefits the working poor.
c. Libertarians pursue policies to redistribute income from the rich to the poor.
d. Followers of the liberalism political philosophy believe that society should maximize the total of individual utilities.
Explanation / Answer
Answer 1
Option (d) "the inability of women to solve problems in economics" is the least likely reason because many female complete their graduation with commerce in which they have to study economics.
Answer 2
The Black Death is the name later given to the epidemic of plague that ravaged Europe between 1347 and 1351. The disaster affected all aspects of life. Depopulation and shortage of labor hastened changes already inherent in the rural economy; the substitution of wages for labor services was accelerated.. Lack of peasants and laborers sent wages soaring, and the value of land plummeted. For the first time in history the scales tipped against wealthy landlords as peasants and serfs gained more bargaining power. This show that Option (a) and (b) is in correct. So, Option (d) is also incorrect. So, Option (c) is correct.
Answer 3
Welfare Doesn't Destroy Families. Poverty Does - The piece argues that the problem isn't a paucity of empathy for poor, disabilitybenefits should, in order to get off of welfare, pack up and move , There are multiple problems with this view, rather than welfare breaks up families; and that welfare can actually stabilize rather than disrupt the family unit. So, Statement (a) is incorect.
Answer 4
Statement 1 - Incorrect - The federal poverty threshold is an estimate of the minimum income needed by an ... it is not adjusted for regional differences in cost of living or for in-kind benefits, the US is largely economic raising children to be economically productive.
Statement 2 - Correct - The Earned Income Tax Credit (EITC) is a major anti-poverty program ... greater labor force participation and supports the working poor.
Statement 3 - Incorrect - Libertarians believe that the equality of opportunities is more important than equality of income. Libertarianism claim that the government should punish crimes and enforce voluntary agreements but not redistribute income.
Statement 4 - Incorrect - Liberalism is a political and moral philosophy based on liberty and equality.Liberalism places the individual at the heart of society and argues, follows that individuals should be left alone in their decisions to maximise utility.
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