Assume That Workers Are of the Same Race and Either

question 175

Multiple Choice

Assume that workers are of the same race and either male or female.Male and female workers possess the same stock of human capital and hence they are equally productive.The wage rate is $10 per hour for male workers and $9 per hour for female workers.
-Refer to the information above.If output and labour markets are competitive,one could predict that,over time,

• A) the wage difference will continue.
• B) firms that employ female workers will be driven out of business.
• C) the male wage rate will become larger.
• D) the female wage rate will be driven to $10 per hour.
• E) the wage difference will grow larger.

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Definitions:

Status Crystallization

A social science concept describing the clarity or consistency of an individual's social status across different dimensions such as wealth, education, and occupation.

Social-Class Inconsistency

The condition where an individual's societal position doesn't align consistently with traditional markers of social class, such as income, occupation, and education.

Over-Privileged

Describes individuals or groups having more advantages, resources, or opportunities than is fair or equitable.

Income

The amount of money received by a person or entity over a specified period, often derived from labor, capital, or other sources.