USU-Intro To MacroEcon - Assignment 13

2 ceos commonly receive salaries and bonuses far in

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 2. CEOs commonly receive salaries and bonuses far in excess of the next person in charge. 3. It is possible that high CEO pay packages are efficient for the firm. 4. S ome economists argue that the market for CEOs has failed. 5. CEO salaries, although sometimes large, are almost always exactly the same as the next person in charge. Question 17 (1 point) Which of the following best describes the superstar effect? 1. The situation where people with large differences in abilities receive vastly different levels of compensation 2. The effect that a superstar has on people that allows him/her to exploit employers 3. The situation where people are paid a wage above their marginal revenue product simply because they are one of the best in their field. 4. The result of many people having very poor skills in an industry 5. The situation where people with small differences in abilities receive vastly different levels of compensation Question 18 (1 point) Disparate treatment refers to 1. different hiring practices on the part of firms of different sizes. 2. different hiring practices on the part of different firms. 3. the treatment of individuals on the basis of their race, sex, color, religion, or national origin. 4. the treatment of firms by unions. 5. the impact of individuals on the basis of their race, sex, color, religion, or national origin. Question 19 (1 point) The concept of comparable worth 1. is that pay ought to be determined by job characteristics rather than by supply and demand. 2. is easy to implement once a new worker has been hired. 3...
View Full Document

This homework help was uploaded on 03/18/2014 for the course ECON 2010 taught by Professor Staff during the Spring '08 term at Utah Valley University.

Ask a homework question - tutors are online