What Theory Can Partially Explain Why Pink-Collar Jobs,such as Nurse

question 6

Multiple Choice

What theory can partially explain why pink-collar jobs,such as nurse and dental hygienist,earn so little despite the important services they provide?

• A) winner-take-all
• B) compensating differential
• C) samaritan's dilemma
• D) occupational crowding
• E) efficiency wage theory

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Definitions:

Original Price

The initial price of a product or service before any discounts, markdowns, or promotions.

Percentage Changes

A mathematical calculation that indicates how much a quantity has increased or decreased in percentage terms compared to a previous period.

Midpoint Formula

A method used in economics to calculate the elasticity of demand or supply by averaging the initial and final quantities and prices to estimate the percentage change.

Price Elasticity

measures how much the quantity demanded of a good changes in response to a change in the price of that good.