Scenario 19-6​ the After-School Tutoring Industry Is Competitive, and So Is the Is

question 361

Multiple Choice

Scenario 19-6​
The after-school tutoring industry is competitive, and so is the labor market for after-school tutors. Suppose male and female tutors have equal experience and skill. Currently, some tutoring centers are biased and will only hire male tutors, while unbiased tutoring centers desire to hire the cheapest tutors and do not care about their genders. As a result, the equilibrium wage for male tutors is higher than that of female tutors.
-Refer to Scenario 19-6. If consumers do not discriminate between male and female tutors, then

• A)the equilibrium wage for male and female tutors will eventually be identical.
• B)the equilibrium wage for female tutors will eventually fall.
• C)the equilibrium wage for male tutors will eventually rise.
• D)the equilibrium wage for male and female tutors will remain different, even in the long run equilibrium.

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Definitions:

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow that suggests human needs are arranged in a hierarchy, from more basic needs like physical and safety needs, to higher-level needs like self-esteem and self-actualization.

Cognitive Needs

Mental requirements for understanding, exploring, and making sense of the world and oneself.

Cognitive

Relating to mental processes of perception, memory, judgment, and reasoning, as contrasted with emotional and volitional processes.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, positing a hierarchy of human needs, from basic physiological needs to self-actualization.