Question

g Economists generally agree that a. most of the wage differentials observed in the U.S. economy are due to discrimination. b. human-capital theory provides the best explanation of discriminatory practices. c. differences in average wages do not by themselves provide conclusive evidence about the magnitude of discrimination in labor markets. d. discrimination is exclusively an economic, rather than political, phenomenon.

Answer 1

Economists generally agree that

c. differences in average wages do not by themselves provide conclusive evidence about the magnitude of discrimination in labor markets.

Step-by-step explanation:

This means that there are many factors that cause differences in average wages. It also implies that discrimination in labor markets cannot be explained by the differences in average wages. Discrimination in the labor markets is caused by differences in race, gender, religion, age, and disability considerations. Other factors that contribute to differences in average wages include the presence and use of technology, globalization of labor, and the decline of organized labor in the modern economy.