Jake and Harry Each Have 130 Hours of College Credit

question 469

Multiple Choice

Jake and Harry each have 130 hours of college credit from Impressive University. Each has 30 hours of economics. Jake has a bachelor's degree, while Harry is 3 credits short of required physical education classes and therefore does not have a degree. Each of them has one year of experience as a market analyst for ABC Company. Assuming that the physical education class would not enhance Harry's job performance, if Jake earns a higher salary than Harry, the ABC Company may subscribe to the

• A)human capital theory.
• B)discrimination theory.
• C)compensating differential theory.
• D)signaling theory.

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Definitions:

Price Wars

A competitive situation in which retailers and manufacturers continuously reduce prices to outdo each other, often resulting in minimal profits.

Comparative Advertising

A marketing strategy where a brand's product or service is directly compared to a competitor's to highlight its superiority.

Pure Monopoly

A market structure where a single seller has exclusive control over a product or service, with no close substitutes available.

Unique Product

A good or service that is distinct in its features, benefits, or value propositions from others in the market.