When Relatively Few Workers Have High Ability

question 20

Multiple Choice

When relatively few workers have high ability,

• A) they will settle for the average wage.
• B) they will want to signal their ability.
• C) the premium for high ability is less than when most workers have high ability.
• D) they do not need to signal their ability.

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Definitions:

Feedback

The process of giving, receiving, and utilizing information or opinions about performances, products, or services to improve or adjust them.

Resentment

A feeling of displeasure or indignation resulting from unfair treatment or wrongs experienced.

Information Technology

The study, design, development, implementation, support, or management of computer-based information systems, particularly software applications and computer hardware.

Computer-mediated Meetings

Gatherings held via digital platforms where participants use computers or other smart devices to interact, discuss, and make decisions, often without being physically present in the same location.