Studies of wages by labor economists indicate that measurable variables such as age, job characteristics, years of education, and years of experience account for
a. virtually none of the variation in wages in our economy.
b. some, but less than 50 percent of the variation in wages in our economy.
c. about 75 percent of the variation in wages in our economy.
d. almost all of the variation in wages in our economy.
b
Economics
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Refer to Table 5.1. Andrea has a comparative advantage in the production of
A) bracelets. B) tiaras. C) both products. D) neither product.
Economics
All of the following statements about secondary credit are true EXCEPT
A) they are temporary, short-term loans to satisfy seasonal requirements. B) the secondary credit interest rate is set above the primary credit rate. C) it is intended for banks not eligible for primary credit. D) borrowers of secondary credit are less financially healthy.
Economics