Several Reasons Have Been Advanced to Explain Why Wages Paid

question 11

Multiple Choice

Several reasons have been advanced to explain why wages paid in the United States are so high relative to the rest of the world.Which of the following is an accurate explanation?

• A)U.S.workers are better educated.
• B)U.S.workers have a larger stock of capital per worker.
• C)U.S.workers use more modern technology.
• D)All of the above.
• E)None of the above.

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Definitions:

The Family

A social unit consisting of parents and their children, considered as a group, whether dwelling together or not; the basic unit in society traditionally having a key role in socialization.

Social Hierarchy

Describes a structure within a society that ranks individuals or groups based on factors like wealth, occupation, or social status.

Status

A position in a social hierarchy that carries a particular set of expectations.

Hidden Curriculum

Refers to the unwritten, informal, and often unintended lessons, values, and perspectives that students learn in school.