A Researcher Surveys Job Satisfaction Among Laborers and White-Collar Workers

question 15

Multiple Choice

A researcher surveys job satisfaction among laborers and white-collar workers. (Job satisfaction is rated on a scale from 1 = low satisfaction to 10 = high satisfaction.) Results show that laborers have a mean job satisfaction score of 3 and a variance of 1; white-collar workers have a mean job satisfaction rating of 7 and a variance of 10. Which statement best describes what these numbers mean?

• A)White-collar workers are less satisfied than laborers.
• B)White-collar workers and laborers are about equally satisfied.
• C)Laborers generally are less satisfied than white-collar workers, but laborers are just as likely to be highly satisfied as white-collar workers are to be highly dissatisfied.
• D)Laborers are less satisfied than white-collar workers and most laborers are about equally dissatisfied while there is more variation in the satisfaction of white-collar workers.

Understand the concepts of opportunity cost and comparative advantage in the context of resource allocation and production efficiency.

Explore the effect of changes in consumer preferences and external shocks (such as wars) on the production possibilities of an economy.

Learn the potential outcomes of improvements in education and general knowledge on economic growth and production possibilities.

Comprehend how household choices and preferences can influence economic decisions and patterns of consumption.

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Definitions:

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The perception of a relationship between two variables when none actually exists, often due to cognitive biases.

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Women who are emotionally, romantically, and/or physically attracted to other women.

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Acquired Immunodeficiency Syndrome, a life-threatening condition caused by the human immunodeficiency virus (HIV), which severely damages the immune system.