Which Statement Is MOST Likely an Example of Wage Disparity

question 204

Multiple Choice

Which statement is MOST likely an example of wage disparity due to differences in human capital?

• A)The median earnings of White men are more than are the median earnings of African-Americans.
• B)People with graduate degrees usually have higher earnings than do people who did not graduate from high school.
• C)Nick Saban,the football coach at the University of Alabama,earns more than does an economics professor.
• D)Crab fishermen on the Bering Sea earn more than do clerks who sell goldfish at a pet store.

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Definitions:

Personal Income Taxes

These are taxes levied on individuals or households based on their total income from various sources, after allowances for deductions and credits.

Corporate Income Taxes

Taxes imposed on the income or profit of corporations, which can affect their investment decisions and economic growth.

Sales

Transactions where goods or services are exchanged for money, usually considered a measure of a business's success or economic activity in a market.

Excise Taxes

Taxes imposed on specific goods, such as tobacco and alcohol, often intended to reduce consumption or generate revenue.