Wage Differentials Between Occupations Can Be Explained by All of the Following

question 163

Multiple Choice

Wage differentials between occupations can be explained by all of the following except

• A)the fact that some occupations require higher levels of human capital than others.
• B)the fact that some occupations are more desirable than others.
• C)the market power of different employers.
• D)the relative differences between demand and supply in various occupations.

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Definitions:

Linear Association

A relationship between two variables that can be represented by a straight line on a graph.

Negative Association

A relationship between two variables in which one variable increases as the other decreases.

Moderately Strong Association

Indicates a significant but not perfect relationship between two variables, often quantified by correlation coefficients.

Positive Association

A relationship between two variables in which they increase or decrease together.