It Is Difficult to Explain the Persistence of Wage Differentials

question 110

Multiple Choice

It is difficult to explain the persistence of wage differentials between equally productive female and male workers,since any profit-maximizing firm will employ

• A) the highest paid,qualified worker.
• B) the lowest paid,qualified worker.
• C) the oldest,qualified worker.
• D) the youngest,qualified worker.
• E) the most experienced,qualified worker.

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Definitions:

Economic Fluctuations

Variations in the level of economic activity over a period of time, often characterized by periods of growth (expansions) and contraction (recessions).

Retrenchment Strategy

A business strategy focused on reducing the scale or scope of a corporation's operations to become more financially stable.

Adaptation Model

A theoretical framework that explains how individuals adjust to changes or challenges in their environment over time.

Related Diversification

A growth strategy where a business expands its operations into areas that are similar to its existing operations, aiming to leverage its existing strengths and capabilities.