Women Earn Less on Average Than Men

question 174

Multiple Choice

Women earn less on average than men. Which of the following would be the logical conclusion?

• A) Women must be the victim of employment discrimination.
• B) Women must be less productive.
• C) Men must be more highly motivated and materialistic.
• D) Without consideration of preferences and productivity factors, differences in unadjusted mean earnings do not necessarily reflect employment discrimination.

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Definitions:

Supply Price

The minimum price at which a seller is willing to sell a good or service.

Price Floor

A government or regulatory minimum price set on goods and services, typically above the equilibrium price, to prevent prices from falling too low.

Excess Supply

A market situation where the quantity of a good or service offered for sale by producers exceeds the quantity demanded by consumers at the current price.

Quantity Demanded

The total amount of goods or services that consumers are willing and able to purchase at a given price point.