Lee Earns More Than Does Pat

question 325

Multiple Choice

Lee earns more than does Pat. Which of the following can explain why?

• A) Pat is discriminated against.
• B) Lee has more human capital.
• C) Lee has a greater degree of specialization in earning an income.
• D) All of the above could be a factor leading to the wage difference.

Distinguish between hygiene factors and motivators in Herzberg’s two-factor theory.

Identify the relevance of equity and perceived equity or inequity in organizational behavior.

Understand the impact of price levels on aggregate demand and economic equilibrium.

Grasp Keynesian economics' emphasis on demand for output as a limiter on production and employment.

---

Definitions:

Andes Mountain Chain

A continuous range of high mountains along the western coast of South America, extending over 7,000 km and including many of Earth’s highest peaks.

Complex System

A system composed of interconnected parts that as a whole exhibit one or more properties not obvious from the properties of the individual parts.

European Exploration

The period of history where European powers explored, colonized, and interacted with the rest of the world, vastly expanding their knowledge and influence.