The informal sector
Occupational segregation and gender wage gaps
Women working longer hours than men
A higher standard of living for families
UNIT 4 — MILESTONE 4
The level of production during a recession is not sustainable.
It means that we will be able to maintain our level of production only for
a short time.
Technological developments can increase the level of sustainable
It is not possible to produce at a level of production that is sustainable.
None of the other answer choices is correct.
China has a comparative advantage in clothing production.
Venezuela can produce clothing at low opportunity cost.
China can produce petroleum at high opportunity cost.
Venezuela has a comparative advantage in petroleum production.
GNP is used as a measure for quality of life variations between countries.
GNP measures the amount of goods and services produced only within a
GDP is always a good measure of the economic well-being of a country.
Foreign investment can benefit GDP.
Corporate governance includes oversight of all production and financial
Producing in ways that are sustainable would be an example of
corporate social responsibility.
Philanthropy by a business always benefits the shareholders of the
Sustainability involves holding the supply chain accountable.
The employment of women in living wage occupations leads to lower
Labor force participation rates are not a good indicator of a country's
GDP indirectly accounts for labor force participation.
The employment of women in living wage occupations raises the
standard of living for families.
Marginal social benefit
Marginal social cost
Trade barriers serve special interests.
Comparative advantage no longer applies.
Trade barriers have a positive effect on an international level.
Domestic businesses have an incentive to produce eﬃciently.
criticism of monetary policy
advantage of fiscal policy
criticism of fiscal policy
advantage of monetary policy
Measures the level of income inequality in a country
Depicts the level of income inequality in a country as a graph
Measures quality of life indicators in different countries
Measures the percentage of people looking for work and able to do so
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