Assume That the Average Male Wage Rate Is 20% Higher

question 116

Multiple Choice

Assume that the average male wage rate is 20% higher than the average female wage rate.One can infer that

• A) labour market discrimination is rampant.
• B) employers undervalue female employees.
• C) customers overvalue male employers.
• D) this is evidence of discrimination only if all other factors affecting productivity are equal.
• E) employers overvalue male employees.

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Definitions:

Value Pricing

The practice of simultaneously increasing product and service benefits while maintaining or decreasing price.

Free On Board

A shipping term indicating that the seller bears the shipping costs and risk of loss until the goods reach the buyer’s specified location.

Origin Pricing

Pricing strategy based on the geographical location of a product's origin, considering the costs of transportation and tariffs.

Transportation Costs

Expenses associated with moving goods or services from one location to another, including fuel, labor, and maintenance.