Asked by
reiona grass
on Dec 12, 2024Verified
The fact that wage differentials continue to exist across different groups of workers leads economists to believe that
A) discrimination by customers is the most common type of economic discrimination.
B) differences in human capital and job characteristics must be important in explaining the differences in wages.
C) firms apparently are not profit maximizers.
D) the market has failed to properly allocate wages to different workers.
Wage Differentials
The variation in wage rates paid to different groups of workers, often based on skill, location, industry, or job function.
Human Capital
The stock of knowledge, habits, social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value.
- Analyze the disparities in earnings among various categories of employees and the elements that influence these differences.
Verified Answer
CB
Learning Objectives
- Analyze the disparities in earnings among various categories of employees and the elements that influence these differences.
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