The following figures show the demand (D) and supply (S) curves of micro and macro economists.Figure 16.6

-The wage gap between males and females is decreasing, and will be finally eradicated because the average male in the labor force has equal marketable human capital as the average female.

Question

The following figures show the demand (D) and supply (S) curves of micro and macro economists.Figure 16.6
 
-The wage gap between males and females is decreasing, and will be finally eradicated because the average male in the labor force has equal marketable human capital as the average female.

Quizplus · Accepted Answer

The statement makes an assumption about the average marketable human capital between males and females, which may not necessarily be true. Other factors such as discrimination and societal norms may also contribute to the wage gap. Additionally, the demand and supply curves shown do not provide any information about the gender wage gap, making the statement unrelated to the graph.

The Following Figures Show the Demand (D) and Supply (S)