Why do major-league baseball players get paid more than minor-league players?
a. Major-league players are better athletes.
b. The higher wage reflects a compensating differential.
c. Playing in the major leagues in more pleasant then playing in the minor leagues.
d. The higher wage is often due to educational discrepancies.
a
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Post deregulation, airlines attempted to maintain their earlier profit levels by instituting price discrimination in such forms as advance purchase ticket restrictions and frequent-flyer mileage programs. These methods generally did not succeed in maintaining those profit levels
Indicate whether the statement is true or false
The official unemployment rate may not reflect the true state of unemployment because: a. Some workers may go through the motions of looking for work to keep their unemployment benefits, but not actually be looking for work. b. Some people who are working in the underground economy may be classified as unemployed
c. Some may leave the labor force and go back to school only because job conditions are currently poor. d. all of the above.