The fact that movie star Tom Cruise's salary is much higher than the salary earned by a Nobel prize winning economics professor can be explained by the
a. existence of noncompeting labor markets
b. elimination of noncompeting labor markets
c. failure of the market to reward talent fairly
d. fact that wage rates cannot reflect the influence of education in labor markets
e. willingness of some people to accept a lower wage rate in order to do what they like most to do
A
Economics
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Refer to the scenario above. In equilibrium, ________
A) Mathew will choose good and Peter will choose bad B) Peter will choose good and Mathew will choose bad C) both Mathew and Peter will choose bad D) both Mathew and Peter will choose good
Economics
Antitrust laws tend to target restraint of trade as characterized by __________
Fill in the blank(s) with correct word
Economics