If Female Workers Have Inherent and Systematic Preferences for Less

question 124

Multiple Choice

If female workers have inherent and systematic preferences for less exposure to the risk of injury or death on the job and risky jobs pay more,

• A) this makes no difference to their wages.
• B) then male workers would tend to earn less.
• C) then female workers would tend to earn more.
• D) then male workers would tend to earn more.
• E) then female workers would favour fewer safety regulations.

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Definitions:

Premium Pricing

A competitor-based pricing method by which the firm deliberately prices a product above the prices set for competing products to capture those consumers who always shop for the best or for whom price does not matter.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Special Incentives

Additional rewards or benefits offered to motivate or encourage a specific action or behavior from customers or employees.

Value Cocreation

Value cocreation is a business strategy that emphasizes the involvement of customers, suppliers, and other stakeholders in the development process of products or services, leading to enhanced value for all parties.