Which of the following is most likely an example of wage disparity due to differences in human capital?
A) The median earnings of White men are more than the median earnings of African Americans.
B) People with graduate degrees usually have higher earnings than people who did not graduate from high school.
C) Nick Saban, the football coach at the University of Alabama, earns more than an economics professor.
D) Crab fishermen on the Bering Sea earn more than clerks who sell goldfish at a pet store.

Question

Quizplus · Accepted Answer

Differences in human capital refer to the skills, education, and experience that individuals possess. People with graduate degrees typically have more education and skills than those who did not graduate from high school, leading to higher earnings.

Which of the Following Is Most Likely an Example of Wage