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Which of the following is not an example of a market

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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? 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: 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: AACSB: Analytical Skills Blooms: Knowledge Learning Objective: 13-6 McConnell - Chapter 13 #156 Topic: Pay and performance 157. Which one of the following best exemplifies the principal-agent problem in the employer-employee relationship? A. A worker takes 20 minute coffee-breaks although the employer allots only 15 minutes for this purpose. B. A worker is on the job 50 hours per week although only 40 hours are required for promotion. C. A worker opts for early retirement in response to the firm's incentive plan. D. A worker's productivity is independent of the wage paid. AACSB: Reflective Thinking Skills Blooms: Application Learning Objective: 13-6 McConnell - Chapter 13 #157 Topic: Pay and performance
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