There is evidence that differences in wages may stem from differences in:
A)labor demand, product preferences, discrimination, and family support.
B)human capital, regulation, environmental conditions, and theory.
C)product preferences, population, family support, and banking systems.
D)labor demand, labor supply, institutions, and discrimination.

Question

Quizplus · Accepted Answer

Labor demand and labor supply are two of the main factors that affect wages. Institutions, such as labor market regulations and collective bargaining agreements, also play a role in determining wages. Discrimination can also contribute to wage gaps between different groups of workers. Factors such as product preferences, family support, and banking systems may have some influence on wages, but they are typically not as significant as labor market factors.

There Is Evidence That Differences in Wages May Stem from Differences