The productive skills and knowledge that workers

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A. the productive skills and knowledge that workers acquire from education and training. B. the substitution of labor for machinery in the production process. C. any piece of machinery that must be combined with labor to be productive. D. the exchange of money for real assets. AACSB: Analytical Skills Blooms: Knowledge Learning Objective: 13-5 McConnell - Chapter 13 #150 Topic: Wage differentials; human capital 151. Which of the following is a market imperfection that might explain persistent wage differentials within an occupation? A. movement of labor from lower-wage to higher-wage jobs B. readily available information about job opportunities and pay C. principal-agent problems D. discrimination AACSB: Analytical Skills Blooms: Knowledge Learning Objective: 13-5 McConnell - Chapter 13 #151 Topic: Wage differentials; human capital 152. Which of the following is a market imperfection that might explain persistent wage differentials within an occupation? A. geographical immobility of workers B. readily available information about job opportunities and pay C. principal-agent problems D. compensating wage differentials AACSB: Analytical Skills Blooms: Knowledge Learning Objective: 13-5 McConnell - Chapter 13 #152 Topic: Wage differentials; human capital
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153. Which of the following is not an example of a market imperfection that might explain persistent wage differentials within an occupation? A. geographic immobility of workers B. discrimination C. noncompeting groups D. poor information about job opportunities and pay AACSB: Analytical Skills Blooms: Knowledge Learning Objective: 13-5 McConnell - Chapter 13 #153 Status: New Topic: Wage differentials; human capital 154. Jack and Jill have identical skills and training but Jill earns higher wages in her job. Which of the following reasons would best explain why Jill earns more than Jack? A. Jack has a chronic illness and would lose health care coverage if he changed jobs. B. Jill suffers from gender discrimination in the workplace. C. Jack has better access to information about available jobs in his field. D. Jill is reluctant to move to a new city because she wants to live near family. AACSB: Reflective Thinking Skills Blooms: Application Learning Objective: 13-5 McConnell - Chapter 13 #154 Status: New Topic: Wage differentials; human capital 155. The principal-agent problem arises in labor markets because: A. a firm may realize excessively large profits. B. workers may provide less-than-expected work effort. C. compensating wage differences do not pay for differences in the nonmonetary aspects of jobs. D. human capital investments vary among workers. AACSB: Reflective Thinking Skills Blooms: Understanding Learning Objective: 13-6 McConnell - Chapter 13 #155 Topic: Pay and performance 156. The principal-agent problem arises primarily because: A. principals and agents share a common interest, leading to free-rider problems.
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the productive skills and knowledge that workers acquire...

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