Which of the Following Would Not Account for the Observed

question 67

Multiple Choice

Which of the following would not account for the observed wage differential between African Americans and whites in the United States?

• A)differences in the quantity of on-the-job training
• B)differences in the quality of education
• C)discrimination by employers
• D)differences in job experience
• E)differences in access to public assistance programs

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Definitions:

Equilibrium Price

The market price at which the quantity of a good supplied is equal to the quantity demanded.

Equilibrium Quantity

The measure of goods or services being supplied and demanded at a price point where equilibrium occurs.

Price Of Steel

The cost or market rate at which steel is bought or sold, influenced by demand, supply, production costs, and global market trends.

Price Of Gasoline

The cost per unit volume of gasoline, which can vary depending on factors such as oil prices, taxes, and demand.