A Winner-Take-All Labour Market Is One Where

question 67

Multiple Choice

A winner-take-all labour market is one where

• A) large differences in human capital translate into small differences in wages.
• B) one worker receives all of the available compensation and the rest receive nothing.
• C) small differences in human capital translate into small differences in wages.
• D) small differences in human capital translate into large differences in wages.
• E) pay is random.

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