Examlex
Which of the following is true about informal conversation?
Wage Differentials
The variations in wage rates due to factors like occupation, location, industry, and individual skills and experience.
Discriminatory Bias
Prejudice resulting in unfair treatment of individuals or groups based on characteristics such as race, gender, or age.
Productivity
The efficiency with which input resources are converted into outputs, often measured as the amount of output per unit of input.
Supply Reduction
A decrease in the amount of a good or service that producers are willing to provide, often due to factors like high production costs or regulatory measures.
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