The Question "Why Should Full-Time Workers at a Child Care

question 61

Multiple Choice

The question "Why should full-time workers at a child care center (a traditionally female occupation) receive a median weekly salary of $386, while a person working as an auto mechanic (a traditionally male occupation) earns $704?" relates to issues of

• A)pay equity.
• B)comparable worth.
• C)functional uniqueness.
• D)status consciousness.

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Definitions:

Financial Viability

The ability of an entity or project to manage its expenses and generate sufficient revenue to continue operating effectively.

Residential Neighborhoods

Areas primarily containing housing where people live, often differentiated by types of housing, socioeconomic status, and urban planning.

Externalities

Negative or positive impacts on third parties stemming from business operations, which are not accounted for in the pricing of products or services.

Market Equilibrium

A state in a market where the quantity supplied equals the quantity demanded, leading to a stable market price and no excess supply or demand.