Which of the Following Is True of Education and Earnings

question 12

Multiple Choice

Which of the following is true of education and earnings of gay men and lesbians when compared with heterosexual men and women?

• A) Wages and education of gay men are lower than those of heterosexual men.
• B) Wages and education of gay men are higher than those of heterosexual men.
• C) Wages and education of lesbian women are higher than those of heterosexual women.
• D) A and C above.
• E) B and C above.

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Definitions:

Private Consumptions

Expenditure by households and individuals on goods and services for personal use, excluding purchases by businesses or government.

Pareto Optimal

A resource distribution paradigm where it's unattainable to ameliorate the situation of one individual without diminishing that of another.

Utility Functions

Representations of an individual's preference ordering over a set of goods or outcomes, quantifying the satisfaction obtained from each.

Private Goods Consumption

The act of consuming goods that are excludable and rivalrous in nature, implying that one individual's consumption of the good prevents others from consuming the same unit of the good.