Use the Figure to Answer Questions

question 2

Multiple Choice

Use the figure to answer questions
-Letter D represents this type of economic system.

• A)Market Socialism
• B)Command Capitalism
• C)Market Capitalism
• D)Command Socialism

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Definitions:

Gender Pay Gap

The average difference in pay between men and women, often highlighting disparities in earnings for similar work or across the labor market.

Discrimination

Unfair or prejudiced treatment of individuals based on characteristics such as race, gender, age, or sexuality.

Market Wages

The prevailing pay rates for jobs in the competitive job market, influenced by factors such as industry, complexity, and location.

Compensating Differential

The additional amount of income that a worker requires to accept a job that is less desirable in some way compared to a job with no undesirable attributes.