The Hypothesis of Equal Net Advantage Explains Why

question 59

Multiple Choice

The hypothesis of equal net advantage explains why

• A) higher wages must be paid to entice workers to accept less desirable occupations or a less desirable location.
• B) a hard- working employee may get paid less than other employees.
• C) the supply of unskilled labour in Canada is as great as it is.
• D) two workers doing the same job in the same office are sometimes paid different wage rates.
• E) lower wages are paid to workers with less qualifications.

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Definitions:

Private Sector

The sector of the economy operated by private individuals and businesses aiming for profit, without direct governmental management.

Excluded

Not included, left out, or omitted from a group, list, or category.

Rivalry in Consumption

A situation where the consumption of a good or service by one individual reduces its availability for consumption by others.

Public Good

Offerings of goods or services to the whole society at no expense, facilitated by either the state or private entities, not pursuing profitability.