Which of the Following Could Not Contribute to Differences in Wage

question 216

Multiple Choice

Which of the following could not contribute to differences in wage rates across markets?

• A)differences in training and education requirements
• B)job discrimination
• C)differences in risk
• D)problems of labor mobility
• E)distribution of a new national help-wanted newspaper

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Definitions:

States of Nature

Possible scenarios or outcomes in decision theory, which are not under the control of the decision-maker.

Payoffs

The outcome or benefit received from a decision or action, often used in the context of games or economic transactions.

Decision Alternative

An available option or course of action that can be taken in a decision-making process.

Expected Monetary Value

A calculation used in decision-making to determine the average outcome when the future includes scenarios that may or may not happen.