The Most Important Factor Contributing to Wage Differences in the Labour

question 138

True/False

The most important factor contributing to wage differences in the labour market is differences in the level of education and training among workers.

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Definitions:

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy.

Bondholders

Individuals or entities that hold the debt securities issued by corporations or governments, entitling them to receive a specified amount of interest and repayment of the principal.

Stockholders

Owners of the stock of the corporation.

Dividends

Payments made by a corporation to its shareholder members, usually distributed from the company's profits.