1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lawyer [7]
3 years ago
15

Consider the following five scenarios related to wage inequality. Please label each with the correct source of the identified wa

ge difference.
HUMAN CAPITAL

COMPENSANTING DIFFERENTIALS

TALEN/ABILTY

1. Both Riley and his twin brother, Roland, work for a package delivery company. Riley delivers cookies and cakes to local grocery stores and makes $18/hour. Roland, who is responsible for the transport of chemicals to and from the local university, earns $25/hour.

2. Bert works for the county animal shelter and is ranked consistently as the top dog catcher in the state. When asked how he is able to convince so many stray dogs to answer to him, Bert says it just comes naturally. As a result, Bert earns a salary about 15% higher than most other dog catchers.

3. Rosalie and Henry work at a nursery where they grow sunflowers. Rosalie works all day in the hot sun, planting and harvesting sunflowers, where she earns $34/hour. Henry, on the other hand, works inside the air conditioned warehouse, drying and roasting sunflower seeds, and earns $22/hour.

4. Simon and Denise both work as 3rd grade teachers at Riverbend Elementary School. Simon, who has a Master\'s Degree, earns $45,000 a year while Denise, who has only a Bachelor\'s Degree, earns $39,000 a year.

5. Bernice is an avid baseball fan and during a recent trip to watch her favorite team, the California Stars, she is selected to throw out the opening pitch as part of a fan appreciation event. Surprisingly, she throws an amazing 110mph pitch, which she says is easy to do, and is signed to a $15 million contract the next week.
Business
1 answer:
iren [92.7K]3 years ago
4 0

Answer and Explanation:

1. Compensating differentials: Riley works a less risky job and is therefore paid less than his twin Rowland who drives Chemicals to and fro and is considered to do a more risky make job

2.talent/ability: Bert has a a natural talent and ability

3.Compensating differentials: Rosalie works harder than Henry and so earns more than him

4.Human Capital: Simon is paid more as he is considered to have more knowledge and experience. He is a masters degree while Denise has a bachelor's degree which is considered lower in valuing human capital in an organization.

5.Talent/ability:Bernice has a natural talent and ability

You might be interested in
Cho has opened a new startup company in web design. within the first month of business, the startup agrees to maintain an accoun
mixer [17]

The question is not complete, last part of the question is missing which I write below;


Which of the following principles of economic interaction best describes this scenario?


And the answer is "trade can make everyone better off ".


Trade can make everyone better off in light of the fact that it enables nations or companies to work in what they excel at and to appreciate a more extensive assortment of products and ventures.

The three principles concerning economic interactions are:

(1) Trade can make everyone better off;

(2) Markets are generally a better way to arrange economic activity

(3) Governments can at times develop market outcomes.


7 0
2 years ago
According to the principle of comparative advantage, worldwide output and consumption will be higher when nations specialize in
Alex_Xolod [135]

Answer: According to the principle of comparative advantage, worldwide output and consumption will be higher when nations specialize in the production of those goods and services  "a. they can provide at a lower opportunity costs."

Explanation: The comparative advantage is the ability of a country to produce a good using relatively less resources than another. The theory of comparative advantages says that Each country in question will specialize in what is most efficient. At the same time, it will import the rest of the products in which they are most ineffective in terms of production. Although a country does not have an absolute advantage in producing any good, it may specialize in those goods in which it finds a greater comparative advantage and finally be able to participate in the international market.

5 0
3 years ago
Radio:What is an example of a long-term liability?
Alex Ar [27]
In accounting, the long-term liabilities<span> are shown on the right wing of the balance-sheet representing the sources of funds, which are generally bounded in form of capital assets. Examples of </span>long-term liabilities<span> are debentures, mortgage loans and other bank loans.


Welcome :)</span>
7 0
3 years ago
Read 2 more answers
A new car sells for $25,000. The value of the car decreases by 15% each year. What is the approximate value of the car 5 years a
Rama09 [41]

Depreciation is an accounting method for allocating the cost of a tangible or physical asset over its <u>usable life</u>. Depreciation is a term used to describe<u> how much</u> of an asset's worth has been used.


<h2>Given:</h2>


Initial value of the Car = 25,000

Depreciation of the Car= 15% per annum based on net book value

<h3>The computation:
</h3>

Note: t = Number of years

\text{Net book value} = 25,000 (1 - 0.15)^t

NBV = 25,000 (0.85)^5\\\&#10;&#10;NBV = 25,000 (0.4437)\\\&#10;&#10;NBV = 11,092.50&#10;&#10;&#10;

As a result, the car's approximate value 5 years after purchase is 11,092.50.


For more information about computing sum, refer below:

brainly.com/question/1373966

7 0
2 years ago
What were the economic changes that revolutionized manufacturing in the eighteenth century and led to the factory system?
Daniel [21]

Answer:

The industrial revolution affected the whole global economy, social relations, and culture.

The industrial revolution changed how goods were manufactured, and it all started with the European accumulation of capital and the invention of the steam engine.

The two major sources of energy were coal and oil that were used to power steam engines that moved machinery using water steam. That led to work specialization and urbanization (people moving into large urban areas).

The industrial revolution first started in northwestern Europe, but it then spread to the US, Russia and Japan. The global economy developed new patterns of global trade and production between nations that produced resources and those that processed them and produced goods.

Exporting economies grew around the world because of the need for exporting both raw materials and food supplies from resource producing nations, and the need for exporting finished goods form industrialized nations.

7 0
3 years ago
Other questions:
  • Which of the following is most likely to characterize a fascist regime? Select one: a. a strong respect for human rights b. tole
    11·1 answer
  • The amount the objective function coefficient of a decision variable would have to improve before that variable would have a pos
    8·1 answer
  • So, say a person named Bertrand is an avid supporter of protectionism. His primary platform is the idea that the United States i
    12·1 answer
  • Over the next 50 years the Japanese population is expected to decline, while the fraction of the population that is retired is e
    6·1 answer
  • Luis has a biweekly gross pay of $770 and claims 2 federal withholding allowances. Luis has all of the following deductions from
    8·2 answers
  • The city pays $4 million to a contractor for work on a new bridge. a) Special Revenue Fund b) Capital Projects Fund c) General F
    11·1 answer
  • What is the term that describes a person’s tendency to discover information that supports his or her own pre-existing views?
    14·1 answer
  • Break-Even Sales Currently, the unit selling price of a product is $7,520, the unit variable cost is $4,400, and the total fixed
    9·1 answer
  • Legal Services pays half of the price for a shipment of computers that remain with the seller, Digital Computers, Inc. Within te
    12·1 answer
  • In general, economists define a recession as ______ or more consecutive three-month periods of decline in a country's gdp.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!