Which of the Following Statements Are True? Higher Natural Ability

question 69

Multiple Choice

Which of the following statements are true? Higher natural ability leads to higher wages because:
(i) those with higher natural ability will have a higher marginal product, all else equal
(ii) those with higher natural ability tend to exhibit higher work effort
(iii) people with higher natural ability deserve higher wages

• A)(i) only
• B)(ii) only
• C)(i) and (ii) only
• D)(i), (ii) and (iii)

---

Definitions:

Exponential Equation

An equation in which the variable appears in an exponent and involves exponential functions.

Exponential Equation

An equation in which the variable appears in the exponent and the base is a constant.

Decimal Places

Positions to the right of the decimal point in a number, used to specify precision.

Exponential Equation

An exponential equation is one in which the variable appears in the exponent, for example, \(2^x = 8\).