A College Professor Hires a Student to Babysit Her Children

question 151

Multiple Choice

A college professor hires a student to babysit her children and pays the student an efficiency wage. Which of the following is correct about the wage the student earns?

• A)The wage is higher than the wage the student could earn working a similar job elsewhere.
• B)The wage is the same as the wage the student could earn working a similar job elsewhere.
• C)The wage is lower than the wage the student could earn working a similar job elsewhere.
• D)The wage is likely to result in the student shirking responsibilities.

---

Definitions:

Information Broker

An individual or entity that collects, compiles, and distributes information from various sources.

Functional Units

Organizational segments specialized in different tasks within a company, each contributing to the overall functionality.

Social Capital

A network of social relationships characterized by mutual respect, trust, and cooperation which can provide both individuals and groups with valuable resources and support.

Structural Holes

Gaps within a social network where there are no direct ties or connections between nodes or individuals, which can create opportunities for brokerage and information flow.