A new teacher often makes less than a teacher with 20 years' experience because of:

A) discrimination.
B) differences in human capital.
C) efficiency wages.
D) differences in physical capital.

Question

A new teacher often makes less than a teacher with 20 years' experience because of:A) discrimination.B) differences in human capital.C) efficiency wages.D) differences in physical capital.

jazlyn cedano · Accepted Answer

Final Answer : B, Explanation :  The answer is differences in human capital. Human capital represents the skills, knowledge, and experience that a worker possesses, which can affect their productivity and thus their salary. A teacher with 20 years of experience has likely accumulated more human capital than a new teacher, allowing them to negotiate a higher salary. Discrimination and differences in physical capital are unlikely to be the main factors affecting a teacher's salary, and efficiency wages refer to a different concept altogether.

A new teacher often makes less than a teacher with 20 years' experience because of:

A) discrimination.
B) differences in human capital.
C) efficiency wages.
D) differences in physical capital.

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