Most Economists Believe That the Higher Average Salaries Earned by Men

question 175

Multiple Choice

Most economists believe that the higher average salaries earned by men in comparison to women arise from

• A)discrimination.
• B)a variety of factors, including differences in human capital and compensating differentials; few economists believe that gender discrimination in earnings exists.
• C)differences in human capital as the primary reason.
• D)a variety of factors, including differences in human capital, compensating differentials, and discrimination.

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Definitions:

First Development

The initial phase of growth or advancement in an area, organization, or system, marking the beginning of significant progress or change.

Process Innovation

The improvement or development of new methods in the production process, enhancing efficiency or productivity.

Total Product Curve

A graphical representation showing how total output of a firm varies with a change in a single input while holding other inputs constant.

Average Total Cost Curve

A graphical representation showing the average cost per unit of output at different levels of production.