Asked by Christy Zavala on Jun 15, 2024
Verified
The most important reason for why some people have higher incomes than others is
A) employment discrimination.
B) inheritances.
C) property income.
D) government transfer payments.
E) differences in wages and salaries.
Incomes
Refers to the money received, especially on a regular basis, for work or through investments.
Employment Discrimination
Unfair treatment of employees or job applicants based on race, gender, age, religion, nationality, disability, or sexual orientation.
Wages And Salaries
Compensation paid to employees for their labor, either on an hourly basis (wages) or as a fixed amount over time (salaries).
- Comprehend the elements influencing the disparity in income levels.
Verified Answer
JI
James IngramJun 22, 2024
Final Answer :
E
Explanation :
Differences in wages and salaries are the most significant reason for why some people have higher incomes than others. Various factors influence wages and salaries, such as education, skill level, experience, and demand for a particular job. Therefore, individuals with high levels of education, in-demand skills, and extensive experience tend to earn higher salaries than those without these factors.
Learning Objectives
- Comprehend the elements influencing the disparity in income levels.