Which of the Following Statements Best Describes the Evolution of the Gender

question 17

Multiple Choice

Which of the following statements best describes the evolution of the gender wage gap?

• A)The wage gap disappeared momentarily in 2001.
• B)The wage gap was the widest in 1995.
• C)The wage gap has remained relatively stable since the early 1990s.
• D)The wage gap was predicted to close by 2010.

---

Definitions:

General Equilibrium

A condition in an economy where supply and demand are in balance across all markets simultaneously.

Consumer Preferences

The subjective tastes and desires that dictate the choices made by consumers regarding goods and services they wish to purchase.

Equilibrium Prices

The price at which the quantity of goods supplied is equal to the quantity of goods demanded in the market.

Gas Tax Holiday

A temporary suspension of the imposition of taxes on gasoline, often considered as a measure to reduce fuel prices for consumers.