Paying a Person a Lower Wage or Excluding a Person

question 81

Multiple Choice

Paying a person a lower wage or excluding a person from an occupation on the basis of an irrelevant characteristic such as race or gender

• A)is economic discrimination.
• B)violates federal comparable worth laws.
• C)can be explained by negative feedback loops.
• D)creates differences in wages that economists call "compensating differentials."

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Definitions:

Price

The financial figure anticipated, needed, or allocated as remuneration for something.

Price

The amount of money required to purchase a good or service, determined by various factors including supply and demand.

Area

The extent or measurement of a surface or piece of land, often expressed in square units.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, reflecting the good's sensitivity to price changes.