Two Workers Are Employed in the Same Job by the Same

question 30

Multiple Choice

Two workers are employed in the same job by the same firm; however, they are paid different wage rates. This could be explained by differences in

• A) the income effect
• B) the price of the firm's output
• C) their marginal products due to differences in ability
• D) working conditions
• E) risk

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Definitions:

Learning

The acquisition of knowledge, skills, values, or behaviors through study, experience, or teaching.

Permanent Change

A lasting alteration in behavior, situation, or environment that does not revert back to its original state.

Cognition

The act of learning and comprehending by using one's thoughts, experiences, and sensory inputs.

Conditioned Stimulus

A stimulus that was once neutral but, through association with an unconditioned stimulus, eventually provokes a conditioned reaction.