The Fact That Wage Differentials Continue to Exist Across Different

question 65

Multiple Choice

The fact that wage differentials continue to exist across different groups of workers leads economists to believe that

• A) discrimination by customers is the most common type of economic discrimination.
• B) differences in human capital and job characteristics must be important in explaining the differences in wages.
• C) firms apparently are not profit maximizers.
• D) the market has failed to properly allocate wages to different workers.

---

Definitions:

Importation Of Slaves

The historical practice of bringing enslaved African people to various parts of the world, especially to the Americas, through the transatlantic slave trade.

Louisiana Purchase

The acquisition of the Louisiana territory by the United States from France in 1803, which doubled the size of the U.S. and opened up the country for westward expansion.

Slave Society

A society in which the institution of slavery impacts all aspects of life, including economic, social, and political structures.

Slave Family

Refers to the family units that existed among enslaved people, often created under difficult conditions and subject to separation due to the slave trade.