Recall the Application About the Salaries Paid in Major League

question 93

Multiple Choice

Recall the Application about the salaries paid in Major League Baseball to answer the following question(s) . Some Major League Baseball players are free agents, meaning they are free to negotiate a contract with any team. Other players are journeymen and apprentices, who are restricted to a single team.
-Recall the Application. On average, apprentices in Major League Baseball tend to be paid a salary ________ their marginal revenue product.

• A) significantly higher than
• B) significantly lower than
• C) close to
• D) unrelated to

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Definitions:

Pessimist

An individual who tends to see the worst aspect of things or believe that the worst will happen; a lack of hope or confidence in the future.

Thwarted Need

A desire or requirement that has been prevented from being achieved or satisfied.

Power Motive

Wanting to have an impact on others.

Power Motive

The drive to influence, control, or have an impact on others, often studied in the context of personality and social psychology.