Which of the following factors contributes to wage differentials in our economy?
A)Workers exhibit different degrees of experience and skill
B)Some workers are more productive than others
C)The level of demand varies across markets for different products
D)Prices of different products vary tremendously in a market economy
E)All of the above

Question

Quizplus · Accepted Answer

All of the factors listed contribute to wage differentials in our economy. Workers with more experience and skills are often able to command higher wages, while more productive workers may also earn higher pay. Additionally, different markets may see varying levels of demand for different products, which can impact wages, and prices for different products can also influence wages in certain industries.

Which of the Following Factors Contributes to Wage Differentials in Our