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Why do women earn less than men? In this assignment you will look at the data on women's and men's pay, and explore reasons for the pay differential. Respond to the 3 key questions below. What does the data tell us?
1. Based on information you find in the sites below, compile a list of the five most important statistics that you find regarding pay differentials. Explain why each statistic is important.Go to the U.S. Department of Labor's Women's Bureau "Women in the Labor Force in 2006"at: https://www.dol.gov/wb/factsheets/Qf-laborforce-06.htm. For a journalistic summary see "End Sex Discrimination for Good" in The Christian ScienceMonitor at: https://www.csmonitor.com/2007/0501/p09s02-coop.html. What are the reasons for the pay differential?
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
Case study analysis about optimum resource allocation: - Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..
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Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:
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"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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