Which of the Following Explains Why Talented Major League Baseball

question 188

Multiple Choice

Which of the following explains why talented major league baseball players command much higher salaries than neurosurgeons?

• A)because the total value of baseball games is much higher than the total value of neurosurgery
• B)because it takes far more skill and training to be a major league baseball player than to be a neurosurgeon
• C)because the supply of talented major league baseball players is relatively low compared to the supply of neurosurgeons. Therefore, major league baseball players exert far more market power than neurosurgeons.
• D)because the supply of talented major league baseball players is low relative to its demand compared to the supply of neurosurgeons. Therefore, adding another player yields far greater marginal benefit than adding another neurosurgeon.

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Definitions:

Old Status

A previous or former state, condition, or position that someone or something has held.

Ritual Rejection

The act of formally or symbolically refusing to accept traditional beliefs, values, or practices.

Initiation Rite

A ceremonial event or series of actions conducted as part of a social or cultural process marking an individual's transition or acceptance into a new status or group.

Stanford Prison Experiment

A psychological study conducted in 1971 by Philip Zimbardo to investigate the psychological effects of perceived power, focusing on the struggle between prisoners and prison officers.