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

-The idea of comparable worth implies that wages are to be determined by the job characteristics and not merely by the interaction of demand and supply.

Question

The following figures show the demand (D) and supply (S) curves of micro and macro economists.Figure 16.6
 
-The idea of comparable worth implies that wages are to be determined by the job characteristics and not merely by the interaction of demand and supply.

Quizplus · Accepted Answer

The idea of comparable worth suggests that wages should be based on the characteristics of the job, including the difficulty and value of the work, rather than just on the forces of supply and demand. Therefore, the statement is true.

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