Data Show That When Promotion Is Based on Formal Criteria

question 16

Multiple Choice

Data show that when promotion is based on formal criteria (as is more likely when jobs are unionized) rather than subjective impressions of workers, women's wages tend to be _________ compared to men's.

• A) much higher
• B) much lower
• C) more equal
• D) None of the above. There is no relationship between formal promotion criteria and wage trends.

---

Definitions:

Sold

The past tense of sell, indicating the transfer of goods or services in exchange for money or other compensation.

Reservation Price

The maximum price that a buyer is willing to pay for a good or service, beyond which the buyer will choose not to purchase.

English Auction

A type of auction where participants bid openly against one another, with each bid higher than the previous bid, and the highest bidder wins.

Willingness To Pay

A measure of the maximum amount an individual is prepared to spend on a good or service, reflecting its perceived value.