Regarding Wage Differences Among Various Groups of Workers - Blacks

question 315

Multiple Choice

Regarding wage differences among various groups of workers - blacks and whites, men and women, etc. - most economists believe that

• A)no such differences are evident from the available data.
• B)most of the differences are attributable to discrimination.
• C)some of the wage differences are attributable to discrimination, but there is disagreement about how much.
• D)none of the differences are attributable to discrimination.

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Definitions:

Financial System

The system that covers the exchange of different goods, assets, or financial instruments among people, companies, or states.

Debt Finance

A method of raising capital through borrowing, which can involve issuing bonds or taking out loans, to be repaid at a future date.

Equity Finance

The method of raising capital by selling company shares to investors, in exchange for ownership interest.

Government Budget

A financial statement presenting the government's proposed revenues and spending for a financial year.