Sources of the pay gaps among groups in the work force can be found using

Question

Quizplus · Accepted Answer

Demand and supply models are commonly used in economics to analyze wage differences among different groups in the workforce. Such models consider factors such as education, experience, occupation, industry, and geographic location to explain why people in certain groups earn more or less than others. Marginal analysis and cost-benefit analysis are useful tools for decision-making in various economic situations but are not directly applicable to analyzing pay gaps. The aggregate demand and aggregate supply model is mainly used to understand macroeconomic issues such as inflation and recessions and is not directly relevant to analyzing pay gaps.

Sources of the Pay Gaps Among Groups in the Work