Which of the Following Statements Accurately Explains the Superstar Phenomenon

question 35

Multiple Choice

Which of the following statements accurately explains the superstar phenomenon in wages?

• A) Better carpenters earn more than average carpenters because people are willing to pay higher prices for higher-quality work.
• B) Funnier comedians earn more than less funny comedians because they are more talented.
• C) Talented athletes earn more than equally talented plumbers because technology allows the delivery of the services provided by the athletes to all interested customers.
• D) Athletes get paid for performing services that everyday people perform as hobbies.

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Definitions:

Elected Members

Individuals chosen through a voting process to hold a particular office or position, typically within governmental or organizational frameworks.

Appointed Members

Individuals chosen or designated to serve on boards, committees, or other bodies based on specific criteria or qualifications rather than elected by a general vote.

Fund-Raising Efforts

Activities or campaigns undertaken to gather financial support for a cause, organization, or project.

Policy

A principle or set of guidelines formulated or adopted by an organization, government, or individual to guide decisions and achieve rational outcomes.