Which of the Following Is Not True for the Wages

question 212

Multiple Choice

Which of the following is not true for the wages of professional athletes?

• A)They are related to demand for their services.
• B)They include substantial economic rents.
• C)They are high because of scarcity.
• D)They are not related to human capital investment.

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Definitions:

Statement of Ethics

A formal document expressing a company's values and principles regarding ethical behavior, guiding employees in making decisions that align with the company's ethical standards.

American Marketing Association

A professional association for marketing professionals with the goal of promoting and supporting excellence in the field of marketing.

Ethical Climates

The moral atmosphere of the work environment and the level of ethics practiced within a company.

Socially Responsible

A principle or practice whereby individuals or businesses make decisions and take actions that positively impact society, the environment, and the economy.