Men and Women Tend to Choose Different Types of Occupations

question 284

Multiple Choice

Men and women tend to choose different types of occupations, and so

• A)a source of wage differences between men and women is differences in human capital.
• B)a source of wage differences between men and women is compensating differentials.
• C)the gap between the earnings of men and the earnings of women is likely even more significant than the data alone indicate.
• D)we should expect the earnings of women to rise relative to the earnings of men, in order to induce women to accept jobs that they have been reluctant to accept in the past.

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Definitions:

Fixed Costs

Costs that remain constant regardless of the amount of goods produced or sold, including examples like rent, wages, and insurance premiums.

Labor

Work, especially physical, manual, or non-executive work, done in exchange for payment; also refers to the workforce or workers in general.

Materials

The substances or components used in the production of goods or in the execution of services.

Total Costs

The sum of all expenses incurred in the production of goods or services, including fixed and variable costs.