Which of the Following Statements Is True

question 103

Multiple Choice

Which of the following statements is true?

• A)The gap between the wages of college-educated workers and the wages of workers with only high-school educations has been narrowing over the past 25 years.
• B)Since the 1980s, the average pay for women has risen as a percentage of the average pay for men.
• C)Women's income as a percentage of men's has never been above 60 percent.
• D)Due to affirmative action rules, women now generally make more than men.
• E)The gap between the average pay of women and that of men has not changed much over the past 35 years.

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Definitions:

Correct Actions

Appropriate or effective measures taken to achieve a desired outcome or resolve a specific situation.

Monopsony

A market situation where there is only one buyer for a product or service.

Labor Market

The supply of available workers in relation to available work.

Labor Supply Curve

A graphical representation showcasing the relationship between the wage rate and the quantity of labor workers are willing to supply.