Most Economists Believe That Only a Small Gap Between the Wages

question 150

True/False

Most economists believe that only a small gap between the wages of white males and the wages of other groups is due to education.Most of the gap is explained by discrimination.

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Definitions:

Constant Costs

Expenses that remain unchanged over a certain range of output or scale of operation.

Cost Ratios

Metrics or measures that compare costs to each other or to some base value to assess financial efficiency or performance.

Domestic Price

The price of goods or services within a country's borders, as opposed to their price in international markets.

World Price

The internationally agreed upon price of a commodity, influenced by global supply and demand dynamics.