One of the Reasons Why the Majority of New Graduates

question 183

Multiple Choice

One of the reasons why the majority of new graduates of a professional school from the same university get similar pay is that firms pay for what they consider to be

• A) equal pay for equal work.
• B) a cartel arrangement.
• C) an implicit collusive arrangement.
• D) observationally equivalent workers.
• E) a natural monopoly in the labour market.

---

Definitions:

Connectedness

The state or feeling of being connected and having close relationships with others.

Closure

A psychological term referring to an individual's desire for a firm answer to a question and an aversion toward ambiguity.

Ocean

A large body of saltwater that covers approximately 71% of the Earth's surface, subdivided into five major oceans.

Binocular Cue

A visual signal that requires the coordination of both eyes to perceive depth and distance.