Which of the Following Situations Is the Most Common? Men

question 106

Multiple Choice

Which of the following situations is the most common? Men and women

• A)doing the same job and getting equal pay.
• B)doing the same job and getting unequal pay.
• C)doing very different kinds of work and consequently having different earnings.
• D)randomly distributed across occupations with average earnings about equal.

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Definitions:

Factor Market

A marketplace for the services of a factor of production, such as labor, capital, or land, essential for production processes.

Equilibrium Value

The price or value at which the quantity supplied is equal to the quantity demanded in a market.

Marginal Productivity

The increase in output resulting from a one-unit increase in the input, holding all other inputs constant.

Income Distribution

The way in which total income is shared among the population or different groups within the society.