Based on the Equal Pay Act of 1963, Men and women may be paid different wages under the Equal Pay Act when payment is made under a "<u>seniority</u><u> system, a </u><u>merit</u><u> system, or a system that measures </u><u>earnings</u><u> by </u><u>quantity</u><u> or quality of production."</u>
This is to make men and women have equal pay except for seniority or merit to those who deserve higher pay.
The United States Congress signed the Equal Pay Act of 1963 under President John F. Kennedy in his New Frontier Program.
The Equal Pay Act of 1963 was made to amend the Fair Labor Standards Act.
Hence, in this case, it is concluded that the Equal Pay Act of 1963 only makes men earn higher than women when it is based on seniority or merit.
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Answer:
The correct answer is option b.
Explanation:
Comparative advantage refers to the situation where an individual, firm or nation can produce a good or service at a relatively lower opportunity cost.
If the US has a comparative advantage in the production of spreadsheet software it means that the US can produce it at a lower opportunity cost.
The US specializes in the production of spreadsheet software, so with the opening up of trade, it will be benefited from a higher price. Since the other countries can produce at a higher opportunity cost, the world price must be higher.
As a result, the producer surplus in the US market will increase.
The correct option will be D) Payment may be based on the number of covered lives.
FFS is a payment model in which doctors, hospitals, and medical practises charge separately for each service provided. The patient or insurance company is responsible in this model for paying whatever the healthcare provider charges for the service.
Although fee-for-service models are not completely out of the healthcare industry, value-based care models are making inroads. Patients can expect to see VBC models becoming more popular as a result of government support as a result of Medicare and ACA regulations (via the Centers for Medicare & Medicaid Services, or CMS).
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Answer:
a steering wheel in an automobile.
Explanation:
Abba Lerner a twentieth-century economist, is widely known for his suggestion of the utilization of fiscal policy and monetary policy as a form of Keynesian economics. In his analysis, he declared that fiscal and monetary policy is analogous to a steering wheel in an automobile.
Hence, the correct answer to the question is "a steering wheel in an automobile."