Self-selection
A. increases the turnover costs of a firm.
B. increases the compensating wage differential.
C. reduces the compensating wage differential.
D. increases the number of qualified applicants for a job.
Answer: C
Economics
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Which factor of production does human capital enhance?
i. land ii. labor iii. capital A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii
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One of the key factors that determine an economy's real GDP is labor productivity, which is a measure of
a. output per hour of work. b. labor force per hour. c. input per hour worked. d. total hours worked.
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