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Multiple Choice
Why might wages differ across occupations?
A
Because occupations differ in required skills, education, productivity, working conditions, and the supply and demand for labor, causing wages to vary.
B
Because wages are essentially equal across occupations in competitive markets, with only temporary differences that quickly disappear.
C
Because governments or unions fix wages for each occupation so wages do not reflect productivity or labor market conditions.
D
Because worker preferences alone determine wages, with workers accepting lower pay for non‑monetary job attributes rather than market differences.