Given That the Median Male Is Better Paid Than the Median

question 242

Multiple Choice

Given that the median male is better paid than the median female, which of the following is a valid explanation for wage differences?

• A)compensating differentials
• B)differences in human capital
• C)discrimination
• D)All of the above can be a partial explanation.

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Definitions:

Capital And Financial Account Deficits

A situation where a country's capital outflows exceed its capital inflows, resulting in a net outflow of domestic currency to foreign markets.

Balance Of Payments Surpluses

A situation where the total of a country's international transactions results in net earnings, with more credits from exports and capital income than debits for imports and overseas investments.

Recession

A significant decline in economic activity across the economy, lasting longer than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Trade Surplus

The amount by which a nation’s exports of goods (or goods and services) exceed its imports of goods (or goods and services).