What have studies of demographics and income revealed?

Question 13 options:

A Women and men are paid about the same for doing the same work.

B Wages are high when demand for a job's services are high and when the supply of labor for that job is low.

C Race does not appear to play a role in the average wage rate.

D The level of a person's education is a poor indicator of his or her likely lifetime earnings.

The studies of demographics and income revealed that Wages are high when the demand for a job's services is high and when the supply of labor for that job is low. Thus, option B is correct.

What is income?

Income can be termed as the amount that a person receives after doing some sort of job, selling a product, or rendering services. Income can be earned with jobs, investments, from any schemes, or return on investments.

The study of Geographic and income revealed that the income that is earned will be depending on the place where the demand is very high for the person to do the job and the wages will also be high as there are not enough people to do the job.

As in a particular area, there are fewer people and requirement of the job is there than they will be willing to pay you more amount. Therefore, option A is the correct option.

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