In Empirical Analyses of Factors That Help Explain Wages

question 317

Multiple Choice

In empirical analyses of factors that help explain wages,

• A)effort and ability are not likely to contribute to large differences in wages in the U.S. economy.
• B)economists typically find that measurable factors explain less than half of the variation in wages.
• C)economists typically find few factors that are not explicitly measurable.
• D)unmeasurable influences on wage differences are found to be quite small.

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Definitions:

McGregor

Refers to Douglas McGregor, a social psychologist who proposed Theory X and Theory Y describing two contrasting models of workforce motivation and management.

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