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The traditional theory of wage determination states that wages are set according to the laws of supply and demand. true or false
Weegy: True, The traditional theory of wage determination states that wages are set according to the laws of supply and demand. (More)
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Asked 8/27/2013 12:49:44 PM
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Although women were once prevented from advancing in their careers due to the glass ceiling, this is no longer the case. true or false
Weegy: This is false. The glass ceiling is still very much a problem, as indicated by the fact that only 4.6% of Fortune 500 companies have female CEOs. (More)
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Asked 8/27/2013 1:36:30 PM
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Before the Civil War, government currency was backed by copper.
Weegy: Before the Civil War, government currency was backed by copper. TRUE (More)
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Asked 8/28/2013 5:20:58 PM
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Before the Civil War, government currency was backed by copper.
Weegy: The gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. Three types of gold standards may be distinguished.[citation needed] In the gold specie standard the monetary unit is [ associated with the value of circulating gold coins or the monetary unit has the value of a certain circulating gold coin, but other coins may be made of less valuable metal. The gold exchange standard usually does not involve the circulation of gold coins. The main feature of the gold exchange standard is that the government guarantees a fixed exchange rate to the currency of another country that does use a gold standard (specie or bullion), regardless of what type of notes or coins are used as a means of exchange. This creates a de facto gold standard, where the value of the means of exchange has a fixed external value in terms of gold that is independent of the inherent value of the means of exchange itself. Finally, the gold bullion standard is a system in which gold coins do not circulate, but the authorities agree to sell gold bullion on demand at a fixed price in exchange for circulating currency. ] (More)
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Asked 8/28/2013 5:25:08 PM
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