When Economists Study Wages, They Relate a Worker's Wage to Those

question 153

Multiple Choice

When economists study wages, they relate a worker's wage to those variables that are most subject to measurement. Which of the following are most likely to be omitted variables?

• A) years of schooling, age and years of experience
• B) ability, effort and chance
• C) job characteristics, gender and race
• D) gender, race and geographic location

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