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Economics · Oct / Nov 2017 · Paper 13 · Question 10

2281Workers

A female accountant in a private firm earns $80 per hour; a male Professor of Finance in a government university earns $40 per hour. Each works the same number of hours. What could explain the difference in earnings?

  1. AIt is difficult to measure the output per hour in each profession.
  2. BPay in the private sector is profit-related but is not in the public sector.
  3. CQualifications of accountants are lower than those of Professors of Finance.
  4. DWomen are generally given preference over men in professional jobs.

As printed in the paper

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Correct answer: B. Pay in the private sector is profit-related but is not in the public sector.

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