Consider the following pieces of information:
a. According to Bonnie Reyes, president and chief operating officer of Better Investing, a national organization of investment clubs, women have traditionally made up about 60 percent of the membership of investment clubs. By contrast, less than a third of team-managed mutual funds on Wall Street have even one woman on the management team.
b. Research conducted by professors E. Brooke Harrington and Max Planck concluded that mixed investment clubs, on average, outperformed the typical single-sex investment club.
c. The lack of gender diversity in Wall Street could be influenced by its reputation, according to professor Harrington, for being inhospitable to women.
Source: Michael Hulbert, Strategies: At some Funds, a Gender Communications Gap, The New York Times, October 7, 2007, Sunday Money, page 5.
The information presented is an example of
A) a negative feedback loop. B) marginal productivity theory.
C) the absence of comparable worth. D) economic discrimination.
Question 2
The money demand curve, against possible levels of interest rates, has a
A) negative slope.
B) zero slope.
C) positive slope.
D) positive slope for low levels of money demand, and a negative slope for high levels of money demand.
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