Which of the Following Can Be Used to Help Explain

question 62

Multiple Choice

Which of the following can be used to help explain wage differences among different groups of workers?

• A)human capital
• B)discrimination
• C)unions
• D)All of the above could explain wage differences among groups.

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Definitions:

Prestige

The respect and admiration that an individual, occupation, or organization is held in by others, often reflecting a perceived high status or quality.

Spurious Relationship

A false or misleading correlation between two variables that appear to be connected but are actually related due to the presence of a third, hidden factor.

Control Variable

A variable that is kept constant during an experiment to ensure that any changes in the outcome are due to the independent variable.

Independent Variables

Factors in a study or experiment that are altered or adjusted in order to examine their impacts on the variables that depend on them.