The Same Year That Derek Jeter, One-Time Shortstop for the New

question 129

Multiple Choice

The same year that Derek Jeter, one-time shortstop for the New York Yankees, received an annual salary of $23.2 million, the president of the United States received an annual salary of $400,000. Based on marginal productivity theory and assuming these markets are competitive, this salary differential indicates that:

• A) Derek Jeter contributed much more to society than did the president of the United States.
• B) the president of the United States contributed much more to society than did Derek Jeter.
• C) Derek Jeter and the president of the United States made equal contributions to society.
• D) the salary differential between Derek Jeter and the president of the United States indicated that their marginal productivities cannot be compared.

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Definitions:

Valued

Considered to be important, beneficial, or of significant worth to someone or something.

Employer's Willingness

The readiness or inclination of an employer to take certain actions or make decisions, such as hiring or investing in employee development.

Employee Benefits

Various types of non-wage compensation provided to employees in addition to their normal salaries or wages.

Government's Willingness

The extent of readiness or inclination of a government towards taking actions, implementing policies, or supporting certain initiatives.