Suppose that a labor economist finds that one of her research subjects has earned significantly higher wages throughout his life
time than would be predicted by standard measured variables. The economist also notes that each of the subject's positions was found through connections at his family's exclusive country club.
Which one of the following most likely explains this person's unusually high earnings?
(A) Chance
(B) Compensating differentials
(C) Effort
(D) Efficiency
Which one of the following most likely explains this person's unusually high earnings?
(A) Chance
(B) Compensating differentials
(C) Effort
(D) Efficiency
1 answer:
You might be interested in