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COMPARABLE WORTH: The notion that different jobs requiring comparable, but not identical, skills should be paid the same wage. The logic behind comparable worth is that centuries (perhaps even millennia) of discrimination against women by men have relegated women to second-class, poorly paid jobs with little or no chance for advancement. Men, in contrast, with the same education, skills, and abilities are able to get the better, higher paying jobs. Comparable worth would be a program in which different jobs are evaluated and scored, based on the skills, responsibilities, and education needed. Jobs with the same scores would then be required to have the same pay.
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MARGINAL UTILITY OF INCOME The change in utility resulting from a given change in income. This is a specialized case of the general notion of marginal utility, which is simply the change in utility resulting from a given change in the consumption of a good. Marginal utility of income is key to identifying alternative risk preferences, including risk aversion, risk neutrality, and risk loving. These three risk preferences are indicated by three marginal utility of income possibilities, decreasing (risk aversion), increasing (risk loving), and constant (risk neutrality).
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GREEN LOGIGUIN
[What's This?]
Today, you are likely to spend a great deal of time at the confiscated property police auction seeking to buy either a pair of blue silicon oven mitts or a coffee cup commemorating the 2000 Olympics. Be on the lookout for celebrities who speak directly to you through your television.
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Before 1933, the U.S. dime was legal as payment only in transactions of $10 or less.
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"Lead the life that will make you kindly and friendly to everyone about you, and you will be surprised what a happy life you will lead." -- Charles M. Schwab
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MCA
Monetary Control Act of 1980
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