Wage Differentials Between Occupations Can Be Explained by All of the Following

question 163

Multiple Choice

Wage differentials between occupations can be explained by all of the following except

• A)the fact that some occupations require higher levels of human capital than others.
• B)the fact that some occupations are more desirable than others.
• C)the market power of different employers.
• D)the relative differences between demand and supply in various occupations.

---

Definitions:

Product

An item or service that is manufactured or provided to meet the needs and wants of consumers.

Wicker Furniture

Furniture made from woven organic materials like rattan, bamboo, cane, or synthetic fibers designed for outdoor or indoor use.

Purchasing Decision

The purchasing decision is the process that leads a consumer to buy a product or service, involving the recognition of needs, the evaluation of options, and the final selection.